Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by Senator Investment Group LP

Senator Investment Group LP lifted its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 512,361 shares of the company's stock after purchasing an additional 23,800 shares during the period. Shift4 Payments comprises 1.6% of Senator Investment Group LP's portfolio, making the stock its 19th largest holding. Senator Investment Group LP owned approximately 0.57% of Shift4 Payments worth $53,173,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its position in shares of Shift4 Payments by 14.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after acquiring an additional 99 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Shift4 Payments by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock valued at $419,000 after purchasing an additional 133 shares during the last quarter. MRP Capital Investments LLC grew its position in shares of Shift4 Payments by 5.9% during the fourth quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after purchasing an additional 150 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after purchasing an additional 157 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Shift4 Payments by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 26,944 shares of the company's stock worth $2,796,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the sale, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the transaction, the president now directly owns 264,856 shares of the company's stock, valued at $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is currently owned by insiders.

Shift4 Payments Stock Down 0.6 %

Shares of FOUR traded down $0.50 during trading hours on Friday, hitting $80.13. The company had a trading volume of 1,361,408 shares, compared to its average volume of 1,598,234. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $7.14 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50. The company's fifty day moving average price is $86.50 and its two-hundred day moving average price is $98.74.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. As a group, equities analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $154.00 price objective on shares of Shift4 Payments in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a "hold" rating and a $120.00 target price on the stock. Evercore ISI assumed coverage on shares of Shift4 Payments in a report on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price target for the company. Barclays reduced their price objective on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company cut their target price on Shift4 Payments from $115.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of "Moderate Buy" and a consensus price target of $111.30.

Shift4 Payments Company Profile

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.