LPL Financial LLC Raises Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

LPL Financial LLC lifted its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 25.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,291 shares of the company's stock after acquiring an additional 20,478 shares during the period. LPL Financial LLC owned 0.11% of Shift4 Payments worth $10,512,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FOUR. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments in the fourth quarter worth about $26,000. Rakuten Securities Inc. grew its stake in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after buying an additional 157 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Shift4 Payments during the 4th quarter valued at approximately $28,000. UMB Bank n.a. bought a new position in Shift4 Payments during the 4th quarter valued at approximately $29,000. Finally, Valley National Advisers Inc. bought a new stake in Shift4 Payments in the fourth quarter worth $31,000. Institutional investors own 98.87% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FOUR shares. Wells Fargo & Company reduced their price target on Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Oppenheimer reduced their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Piper Sandler reiterated an "overweight" rating and issued a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Raymond James reduced their price target on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Friday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $154.00 price objective on shares of Shift4 Payments in a report on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $112.95.

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Shift4 Payments Stock Performance

Shares of NYSE:FOUR traded down $1.47 during midday trading on Tuesday, hitting $73.29. The company had a trading volume of 2,545,276 shares, compared to its average volume of 1,590,848. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.04 and a beta of 1.80. 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 company has a fifty day moving average of $97.25 and a two-hundred day moving average of $99.76. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. The firm 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%. On average, equities research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction 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 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. In the last quarter, insiders have sold 12,695 shares of company stock worth $1,097,380. 30.57% of the stock is owned by corporate insiders.

Shift4 Payments 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.