Aristeia Capital L.L.C. Takes $548,000 Position in Shift4 Payments, Inc. (NYSE:FOUR)

Aristeia Capital L.L.C. acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,284 shares of the company's stock, valued at approximately $548,000.

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

Analysts Set New Price Targets

Several analysts recently commented on FOUR shares. Benchmark upgraded shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada cut their price target on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Barclays lowered their price target on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Piper Sandler cut their price objective on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, BTIG Research dropped their price target on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Six equities research 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $112.38.

Shift4 Payments Stock Up 0.4 %

Shares of FOUR traded up $0.32 during mid-day trading on Wednesday, reaching $83.25. The company's stock had a trading volume of 1,172,057 shares, compared to its average volume of 1,690,604. The company's 50 day moving average is $83.51 and its 200 day moving average is $98.12. 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 stock has a market cap of $7.42 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 12-month low of $56.10 and a 12-month high of $127.50.

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

Insider Transactions at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of the firm's 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Nancy Disman sold 10,000 shares of the company's 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 sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,695 shares of company stock worth $1,097,380. Insiders own 30.57% of the company's stock.

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.