Swiss National Bank Grows Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Swiss National Bank lifted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,400 shares of the company's stock after purchasing an additional 6,400 shares during the quarter. Swiss National Bank owned about 0.13% of Shift4 Payments worth $11,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its stake in Shift4 Payments by 41.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company's stock worth $43,666,000 after buying an additional 145,444 shares during the period. Moody National Bank Trust Division increased its position in shares of Shift4 Payments by 86.5% during the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company's stock worth $1,645,000 after acquiring an additional 7,349 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at $812,000. Stifel Financial Corp boosted its holdings in Shift4 Payments by 14.3% in the third quarter. Stifel Financial Corp now owns 56,894 shares of the company's stock valued at $5,041,000 after purchasing an additional 7,117 shares during the period. Finally, Lebenthal Global Advisors LLC acquired a new position in Shift4 Payments during the 4th quarter worth $328,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating and set a $154.00 price target on shares of Shift4 Payments in a report on Tuesday, March 4th. DA Davidson reduced their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, February 24th. B. Riley boosted their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Benchmark lowered Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.30.

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Shift4 Payments Stock Performance

Shares of NYSE:FOUR traded down $0.37 during trading on Monday, reaching $88.19. The company had a trading volume of 1,357,179 shares, compared to its average volume of 1,543,112. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week 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. The stock's fifty day moving average price is $105.25 and its 200 day moving average price is $99.86. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76.

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

Insider Activity

In related news, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on 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 directly owns 177,622 shares of the company's stock, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 in the last three months. 30.57% of the stock is currently owned by company insiders.

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.