Marshall Wace LLP Acquires 143,285 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Marshall Wace LLP increased its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 2,682.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,626 shares of the company's stock after purchasing an additional 143,285 shares during the period. Marshall Wace LLP owned 0.16% of Shift4 Payments worth $15,424,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments during the 4th quarter worth about $26,000. Rakuten Securities Inc. increased its position in Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after purchasing an additional 157 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Shift4 Payments in the 4th quarter valued at $28,000. UMB Bank n.a. purchased a new stake in shares of Shift4 Payments during the 4th quarter valued at $29,000. Finally, Valley National Advisers Inc. purchased a new stake in shares of Shift4 Payments during the 4th quarter valued at $31,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock traded down $0.50 during trading on Friday, reaching $80.13. The company's stock had a trading volume of 1,361,385 shares, compared to its average volume of 1,598,234. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The business's fifty day moving average price is $86.50 and its 200-day moving average price is $98.74.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FOUR. DA Davidson reduced their target price on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a report on Monday, February 3rd. They set a "hold" rating and a $120.00 target price for the company. Raymond James decreased their price objective on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Friday, April 4th. Keefe, Bruyette & Woods decreased their price target on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. Finally, Evercore ISI assumed coverage on Shift4 Payments in a research note on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $111.30.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the company's 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 sale, the chief financial officer now directly owns 177,622 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was 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 directly owns 264,856 shares in the company, 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. Insiders have sold 12,695 shares of company stock worth $1,097,380 over the last three months. Company insiders own 30.57% of the company's stock.

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.