Aristeia Capital L.L.C. Makes New $548,000 Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Aristeia Capital L.L.C. acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,284 shares of the company's stock, valued at approximately $548,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock worth $678,668,000 after acquiring an additional 562,774 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Shift4 Payments by 41.3% in the 4th 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 boosted its stake in Shift4 Payments by 84.4% during the fourth quarter. Northern Trust Corp now owns 520,990 shares of the company's stock worth $54,068,000 after acquiring an additional 238,478 shares in the last quarter. Rice Hall James & Associates LLC grew its stake 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 worth $23,977,000 after acquiring an additional 205,361 shares during the last quarter. Finally, Maestria Partners LLC purchased a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $19,614,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. BTIG Research lowered their price objective 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a "hold" rating and a $120.00 target price for the company. Royal Bank of Canada dropped their price target 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. Benchmark raised shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. Finally, William Blair reaffirmed an "outperform" rating on shares of Shift4 Payments in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $112.38.

Shift4 Payments Stock Performance

FOUR traded up $3.53 during trading on Thursday, reaching $86.79. 1,213,326 shares of the company's stock were exchanged, compared to its average volume of 1,691,001. Shift4 Payments, Inc. has a fifty-two week low of $56.10 and a fifty-two week high of $127.50. The company has a market capitalization of $7.73 billion, a P/E ratio of 28.27, a PEG ratio of 1.04 and a beta of 1.80. The business has a 50 day moving average price of $83.20 and a 200 day moving average price of $98.01. 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 announced its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping 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 company had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same period in the prior year, the business earned $0.54 earnings per share. Shift4 Payments's quarterly revenue was up 39.7% on a year-over-year basis. As a group, analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock valued at $1,097,380 in the last 90 days. 30.57% of the stock is currently owned by company insiders.

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.