Securian Asset Management Inc. Purchases New Position in Shift4 Payments, Inc. (NYSE:FOUR)

Securian Asset Management Inc. purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,190 shares of the company's stock, valued at approximately $539,000.

Several other institutional investors have also recently added to or reduced their stakes in FOUR. Wasatch Advisors LP lifted its holdings in Shift4 Payments by 50.8% in the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company's stock valued at $521,250,000 after acquiring an additional 1,980,940 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock valued at $251,098,000 after acquiring an additional 242,179 shares during the period. Westfield Capital Management Co. LP lifted its position in Shift4 Payments by 0.9% in the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company's stock worth $128,921,000 after purchasing an additional 12,804 shares during the period. Geode Capital Management LLC lifted its position in Shift4 Payments by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company's stock worth $93,797,000 after purchasing an additional 53,610 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company's stock worth $43,666,000 after purchasing an additional 145,444 shares during the period. Institutional investors own 98.87% of the company's stock.

Remove Ads

Shift4 Payments Stock Performance

NYSE FOUR traded up $1.21 during trading hours on Friday, hitting $88.69. The company's stock had a trading volume of 1,268,694 shares, compared to its average volume of 1,548,897. The company's 50 day simple moving average is $105.57 and its two-hundred day simple moving average is $99.52. The company has a market cap of $7.90 billion, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. The company had revenue of $405.00 million for the quarter, compared to analysts' expectations of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. As a group, sell-side analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock valued at $1,097,380 in the last quarter. 30.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $154.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 4th. Raymond James upgraded shares of Shift4 Payments from an "outperform" rating to a "strong-buy" rating and set a $140.00 target price on the stock in a report on Monday, March 10th. Benchmark downgraded shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Bank of America downgraded shares of Shift4 Payments from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Finally, Stephens restated an "overweight" rating and set a $125.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $115.30.

About Shift4 Payments

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.