Vestor Capital LLC Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Vestor Capital LLC bought a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,491 shares of the company's stock, valued at approximately $6,382,000. Vestor Capital LLC owned about 0.07% of Shift4 Payments at the end of the most recent quarter.

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

Shift4 Payments Stock Down 0.4 %

Shares of NYSE FOUR traded down $0.38 during trading on Wednesday, hitting $86.31. 975,522 shares of the company traded hands, compared to its average volume of 1,540,971. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 1.04 and a beta of 1.76. The business's fifty day moving average is $104.34 and its 200 day moving average is $99.91. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50.

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Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million for 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%. Equities research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the business's stock in a transaction that occurred 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 sale, the president now directly owns 264,856 shares of the company's stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 in the last ninety days. Corporate insiders own 30.57% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FOUR shares. Barclays dropped their price objective on shares of Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating for the company in a report on Monday, February 24th. B. Riley raised their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Piper Sandler reissued an "overweight" rating and issued a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Raymond James upgraded Shift4 Payments from an "outperform" rating to a "strong-buy" rating and set a $140.00 price objective for the company in a report on Monday, March 10th. Finally, Bank of America downgraded Shift4 Payments from a "buy" rating to a "neutral" rating and cut their target price for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Seven equities research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $115.30.

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.