Vanguard Group Inc. Increases Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Vanguard Group Inc. boosted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,539,486 shares of the company's stock after buying an additional 562,774 shares during the period. Vanguard Group Inc. owned 7.26% of Shift4 Payments worth $678,668,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FOUR. LPL Financial LLC grew its position in shares of Shift4 Payments by 25.3% during the fourth quarter. LPL Financial LLC now owns 101,291 shares of the company's stock worth $10,512,000 after acquiring an additional 20,478 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Shift4 Payments during the 4th quarter worth $1,276,000. Vestor Capital LLC purchased a new position in Shift4 Payments during the 4th quarter worth $6,382,000. MRP Capital Investments LLC increased its stake in Shift4 Payments by 5.9% in the fourth quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after purchasing an additional 150 shares during the period. Finally, Maestria Partners LLC purchased a new stake in shares of Shift4 Payments in the fourth quarter valued at about $19,614,000. Hedge funds and other institutional investors own 98.87% of the company's stock.

Analyst Ratings Changes

FOUR has been the topic of several recent research reports. Piper Sandler restated an "overweight" rating and issued a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Stephens restated an "overweight" rating and set a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. Benchmark lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Keefe, Bruyette & Woods dropped their price objective on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating on the stock in a research note on Monday. Finally, Morgan Stanley reduced their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.95.

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Insider Activity

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction 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 transaction, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents 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. 30.57% of the stock is currently owned by corporate insiders.

Shift4 Payments Price Performance

NYSE:FOUR traded down $6.63 during mid-day trading on Friday, hitting $72.66. 4,269,212 shares of the company's stock traded hands, compared to its average volume of 1,577,063. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50. The company has a market cap of $6.47 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. 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's 50 day simple moving average is $99.80 and its 200 day simple moving average is $99.90.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Sell-side analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

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.