Algert Global LLC Takes Position in Shift4 Payments, Inc. (NYSE:FOUR)

Algert Global LLC bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,933 shares of the company's stock, valued at approximately $1,550,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FOUR. Vanguard Group Inc. increased its stake in shares of Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after buying an additional 562,774 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in Shift4 Payments by 41.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock worth $127,689,000 after acquiring an additional 350,703 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Shift4 Payments by 84.4% in the fourth quarter. Northern Trust Corp now owns 520,990 shares of the company's stock valued at $54,068,000 after purchasing an additional 238,478 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of Shift4 Payments by 799.9% in the fourth quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company's stock valued at $23,977,000 after purchasing an additional 205,361 shares in the last quarter. Finally, Maestria Partners LLC bought a new position in shares of Shift4 Payments in the fourth quarter valued at approximately $19,614,000. 98.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares of the company's stock, 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 filing with the SEC, which can be accessed through this link. Also, President David Taylor Lauber sold 2,500 shares of the firm'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. Over the last quarter, insiders sold 12,695 shares of company stock worth $1,097,380. Corporate insiders own 30.57% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank of Canada reduced their price target on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Stephens restated an "overweight" rating and set a $125.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 19th. William Blair restated an "outperform" rating on shares of Shift4 Payments in a research report on Wednesday, April 30th. Evercore ISI initiated coverage on Shift4 Payments in a research report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a research report on Monday, February 3rd. They set a "hold" rating and a $120.00 target price for the company. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Shift4 Payments currently has an average rating of "Moderate Buy" and an average price target of $112.38.

Shift4 Payments Trading Up 2.2%

FOUR traded up $2.00 on Tuesday, hitting $92.07. The company had a trading volume of 1,605,145 shares, compared to its average volume of 1,676,490. The company has a market cap of $8.20 billion, a PE ratio of 29.99, a PEG ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 12-month low of $57.45 and a 12-month high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The business's fifty day simple moving average is $82.74 and its 200 day simple moving average is $97.93.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.76 by $0.31. The company had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm's revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. Equities research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current 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.