Shay Capital LLC Makes New $446,000 Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Shay Capital LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,300 shares of the company's stock, valued at approximately $446,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Shift4 Payments by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after purchasing an additional 562,774 shares during the period. Darlington Partners Capital Management LP lifted its position in Shift4 Payments by 17.2% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock valued at $260,489,000 after purchasing an additional 367,500 shares during the period. CIBC Private Wealth Group LLC lifted its position in Shift4 Payments by 41.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock valued at $127,689,000 after purchasing an additional 350,703 shares during the period. Geode Capital Management LLC lifted its position in Shift4 Payments by 10.0% during the fourth quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock valued at $120,899,000 after purchasing an additional 106,217 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in Shift4 Payments by 16.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company's stock valued at $59,318,000 after purchasing an additional 78,728 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Performance

Shares of NYSE:FOUR traded up $0.36 during midday trading on Tuesday, reaching $90.35. The company's stock had a trading volume of 1,228,173 shares, compared to its average volume of 1,662,545. The firm has a market capitalization of $8.01 billion, a PE ratio of 29.43, a P/E/G ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a twelve month low of $57.45 and a twelve month high of $127.50. The stock has a fifty day moving average of $82.86 and a 200 day moving average of $97.93. 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 (NYSE:FOUR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. The firm had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business's quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, equities analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the sale, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were 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 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 90 days. 25.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FOUR. DA Davidson lowered their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Raymond James decreased their price objective on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Friday, April 4th. Royal Bank of Canada cut their target price on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods cut their target price on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Finally, Evercore ISI assumed coverage on shares of Shift4 Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.25.

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.