Commonwealth Equity Services LLC Buys 8,403 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Commonwealth Equity Services LLC lifted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 114.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,755 shares of the company's stock after acquiring an additional 8,403 shares during the quarter. Commonwealth Equity Services LLC's holdings in Shift4 Payments were worth $1,635,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Swiss National Bank raised its holdings in Shift4 Payments by 5.9% during the 4th quarter. Swiss National Bank now owns 115,400 shares of the company's stock valued at $11,976,000 after acquiring an additional 6,400 shares during the period. Rakuten Securities Inc. raised its stake in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares during the period. Securian Asset Management Inc. purchased a new stake in Shift4 Payments during the 4th quarter worth about $539,000. Truvestments Capital LLC lifted its holdings in Shift4 Payments by 5.2% during the 4th quarter. Truvestments Capital LLC now owns 3,967 shares of the company's stock worth $412,000 after purchasing an additional 196 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Shift4 Payments by 45.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,272 shares of the company's stock worth $236,000 after purchasing an additional 714 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Trading Up 2.6 %

Shares of NYSE:FOUR traded up $2.18 on Wednesday, reaching $85.86. 1,407,185 shares of the company traded hands, compared to its average volume of 1,563,977. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $127.50. 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 business's 50-day simple moving average is $101.44 and its 200 day simple moving average is $100.12. The stock has a market capitalization of $7.65 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76.

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Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping 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 business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. As a group, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was 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 of the company's stock, valued at $15,094,317.56. This represents a 5.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments 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 completion of the sale, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock valued at $1,097,380 over the last three months. 30.57% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FOUR shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a "hold" rating and a $120.00 price target on the stock. Wells Fargo & Company lowered their target price on shares of Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Bank of America lowered shares of Shift4 Payments from a "buy" rating to a "neutral" rating and reduced their price target for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Benchmark downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Finally, Oppenheimer reduced their target price on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $113.80.

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.