EFG Asset Management North America Corp. Boosts Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

EFG Asset Management North America Corp. lifted its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 38.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,297 shares of the company's stock after purchasing an additional 10,585 shares during the quarter. EFG Asset Management North America Corp.'s holdings in Shift4 Payments were worth $3,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FOUR. Swiss National Bank boosted its holdings in Shift4 Payments by 1.5% in the third quarter. Swiss National Bank now owns 109,000 shares of the company's stock worth $9,657,000 after acquiring an additional 1,600 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Shift4 Payments by 13.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 427,696 shares of the company's stock worth $37,894,000 after purchasing an additional 50,664 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Shift4 Payments by 0.9% in the 3rd quarter. Penserra Capital Management LLC now owns 118,615 shares of the company's stock worth $10,508,000 after purchasing an additional 1,063 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Shift4 Payments by 41.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company's stock valued at $43,666,000 after purchasing an additional 145,444 shares during the last quarter. Finally, Truvestments Capital LLC increased its stake in Shift4 Payments by 11.6% during the 3rd quarter. Truvestments Capital LLC now owns 3,771 shares of the company's stock valued at $334,000 after purchasing an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

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Insiders Place Their Bets

In other news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at $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 SEC, which is available at this link. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction dated 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 sale, the president now owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,695 shares of company stock worth $1,097,380. Company insiders own 30.57% of the company's stock.

Wall Street Analysts Forecast Growth

FOUR has been the topic of several analyst reports. Bank of America downgraded shares of Shift4 Payments from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Piper Sandler reiterated an "overweight" rating and set a $143.00 target price (up from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Oppenheimer reduced their target price on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. DA Davidson dropped their price objective on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Finally, Barclays dropped their price target on shares of Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Shift4 Payments currently has a consensus rating of "Moderate Buy" and an average price target of $115.30.

Shift4 Payments Stock Down 2.3 %

Shares of FOUR stock traded down $1.98 during trading hours on Friday, reaching $84.50. 1,283,468 shares of the company's stock were exchanged, compared to its average volume of 1,562,389. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The stock's 50 day moving average is $103.34 and its 200-day moving average is $100.05. 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 cap of $7.53 billion, a price-to-earnings ratio of 27.53, a P/E/G 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 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 the consensus estimate of $1 billion. Analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

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.