Corient Private Wealth LLC Has $8.93 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

Corient Private Wealth LLC boosted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 356.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,000 shares of the company's stock after purchasing an additional 67,140 shares during the period. Corient Private Wealth LLC owned 0.10% of Shift4 Payments worth $8,925,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its stake in Shift4 Payments by 114.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,755 shares of the company's stock valued at $1,635,000 after acquiring an additional 8,403 shares in the last quarter. Swiss National Bank grew its position in Shift4 Payments by 5.9% during the fourth quarter. Swiss National Bank now owns 115,400 shares of the company's stock valued at $11,976,000 after purchasing an additional 6,400 shares in the last quarter. Rakuten Securities Inc. increased its stake in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after buying an additional 157 shares during the period. Securian Asset Management Inc. purchased a new stake in Shift4 Payments in the 4th quarter worth approximately $539,000. Finally, Truvestments Capital LLC lifted its position in Shift4 Payments by 5.2% in the 4th quarter. Truvestments Capital LLC now owns 3,967 shares of the company's stock worth $412,000 after buying an additional 196 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages recently issued reports on FOUR. Wells Fargo & Company cut their price objective on Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Barclays cut their price target on Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research note on Monday, February 3rd. They issued a "hold" rating and a $120.00 price target for the company. Benchmark lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Finally, Morgan Stanley decreased their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.30.

Shift4 Payments Stock Performance

NYSE FOUR traded down $1.51 during midday trading on Tuesday, hitting $86.64. The company had a trading volume of 2,018,106 shares, compared to its average volume of 1,543,044. The firm has a fifty day simple moving average of $104.97 and a two-hundred day simple moving average of $99.93. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 1.04 and a beta of 1.76. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50.

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

Insider Activity at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were 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 of the company's stock, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction 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 represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,695 shares of company stock worth $1,097,380. 30.57% of the stock is owned by corporate insiders.

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.