Thrivent Financial for Lutherans Acquires Shares of 16,156 Shift4 Payments, Inc. (NYSE:FOUR)

Thrivent Financial for Lutherans purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,156 shares of the company's stock, valued at approximately $1,677,000.

Several other large investors also recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in Shift4 Payments by 97.7% in the 4th quarter. Parallel Advisors LLC now owns 3,321 shares of the company's stock worth $345,000 after purchasing an additional 1,641 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Shift4 Payments by 356.0% in the fourth quarter. Corient Private Wealth LLC now owns 86,000 shares of the company's stock valued at $8,925,000 after purchasing an additional 67,140 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Shift4 Payments by 114.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 15,755 shares of the company's stock worth $1,635,000 after buying an additional 8,403 shares during the period. Swiss National Bank grew its holdings in shares of Shift4 Payments by 5.9% during the fourth quarter. Swiss National Bank now owns 115,400 shares of the company's stock worth $11,976,000 after buying an additional 6,400 shares in the last quarter. Finally, Rakuten Securities Inc. raised its position in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after buying an additional 157 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

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Insiders Place Their Bets

In related news, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments 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 owns 264,856 shares of the company's stock, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock worth $1,097,380 over the last three months. Insiders own 30.57% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Oppenheimer reduced their price target 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. Wells Fargo & Company reduced their target price on shares of Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Piper Sandler reiterated an "overweight" rating and issued a $143.00 price target (up from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Stephens reissued an "overweight" rating and set a $125.00 price target on shares of Shift4 Payments in a research report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods decreased their price objective on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a report on Monday. Seven 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $113.80.

Shift4 Payments Stock Performance

Shift4 Payments stock traded up $2.18 during mid-day trading on Wednesday, hitting $85.86. 1,407,185 shares of the company's stock traded hands, compared to its average volume of 1,563,977. 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 firm has a 50 day simple moving average of $101.44 and a two-hundred day simple moving average of $100.12. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 27.97, a P/E/G ratio of 1.04 and a beta of 1.76.

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

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.