Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC raised its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 968.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,277 shares of the company's stock after purchasing an additional 37,415 shares during the quarter. MetLife Investment Management LLC's holdings in Shift4 Payments were worth $4,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after acquiring an additional 562,774 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of Shift4 Payments by 41.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock worth $127,689,000 after purchasing an additional 350,703 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Shift4 Payments by 10.0% during the fourth quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock worth $120,899,000 after purchasing an additional 106,217 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of Shift4 Payments by 16.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company's stock worth $59,318,000 after purchasing an additional 78,728 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Shift4 Payments by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 459,623 shares of the company's stock valued at $47,700,000 after buying an additional 31,927 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Performance

Shares of NYSE:FOUR opened at $80.62 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50. The firm has a market capitalization of $7.18 billion, a PE ratio of 26.26, a P/E/G ratio of 1.04 and a beta of 1.80. The business's 50 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 released its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, equities research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

FOUR has been the topic of several recent research reports. Morgan Stanley dropped their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $154.00 price target on shares of Shift4 Payments in a research report on Tuesday, March 4th. Stephens reiterated an "overweight" rating and set a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. BTIG Research dropped their target price on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Oppenheimer decreased their price target on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $111.30.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the business's 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 owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President David Taylor Lauber sold 2,500 shares of the firm'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 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,695 shares of company stock worth $1,097,380. Insiders own 30.57% of the company's stock.

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.

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