Keybank National Association OH Has $1.26 Million Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Keybank National Association OH reduced its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 39.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,102 shares of the company's stock after selling 7,980 shares during the period. Keybank National Association OH's holdings in Shift4 Payments were worth $1,256,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Asset Management One Co. Ltd. increased its holdings in Shift4 Payments by 14.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after purchasing an additional 99 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in Shift4 Payments by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock worth $419,000 after purchasing an additional 133 shares during the last quarter. Blue Trust Inc. increased its holdings in Shift4 Payments by 67.3% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company's stock worth $44,000 after purchasing an additional 171 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in Shift4 Payments by 7.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company's stock worth $303,000 after purchasing an additional 243 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in Shift4 Payments during the 4th quarter worth approximately $26,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research firms have issued reports on FOUR. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a report on Monday, February 3rd. They set a "hold" rating and a $120.00 price objective on the stock. Bank of America lowered Shift4 Payments from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Susquehanna lifted their target price on Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a research report on Wednesday, November 13th. Barclays decreased their target price on Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Finally, The Goldman Sachs Group lifted their target price on Shift4 Payments from $106.00 to $119.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Shift4 Payments presently has an average rating of "Moderate Buy" and an average target price of $114.00.

Shift4 Payments Stock Performance

FOUR stock traded up $0.69 during trading on Friday, reaching $89.87. 1,993,243 shares of the company's stock were exchanged, compared to its average volume of 1,850,417. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50. The company's fifty day moving average price is $108.96 and its 200-day moving average price is $99.24. The firm has a market cap of $8.01 billion, a PE ratio of 29.27, a P/E/G ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly 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. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. On average, research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now directly owns 222,112 shares of the company's stock, valued at $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 30.57% of the company's stock.

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.