CANADA LIFE ASSURANCE Co Raises Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

CANADA LIFE ASSURANCE Co boosted its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 780.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,590 shares of the company's stock after buying an additional 39,527 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Shift4 Payments were worth $4,632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FOUR. Moody National Bank Trust Division increased its position in shares of Shift4 Payments by 86.5% during the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company's stock worth $1,645,000 after purchasing an additional 7,349 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Shift4 Payments during the 4th quarter valued at about $812,000. Cerity Partners LLC raised its stake in Shift4 Payments by 35.7% in the fourth quarter. Cerity Partners LLC now owns 4,629 shares of the company's stock valued at $480,000 after buying an additional 1,218 shares during the last quarter. Lebenthal Global Advisors LLC acquired a new stake in Shift4 Payments in the fourth quarter worth about $328,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Shift4 Payments during the fourth quarter worth about $358,000. Institutional investors own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FOUR. UBS Group dropped their target price on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday. William Blair reaffirmed an "outperform" rating on shares of Shift4 Payments in a research report on Wednesday. DA Davidson reduced their price objective on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Piper Sandler decreased their target price on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Morgan Stanley cut their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of "Moderate Buy" and an average price target of $112.38.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, 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 transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. The trade was a 5.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $229,250.00. Following the sale, the president now owns 264,856 shares of the company's stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,695 shares of company stock valued at $1,097,380. Corporate insiders own 30.57% of the company's stock.

Shift4 Payments Price Performance

Shares of FOUR traded down $8.04 during mid-day trading on Wednesday, hitting $81.82. 9,145,253 shares of the company were exchanged, compared to its average volume of 1,642,905. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 1-year low of $56.10 and a 1-year high of $127.50. The company has a 50 day moving average of $84.66 and a 200-day moving average of $98.44. 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 (NYSE:FOUR - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.31. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. During the same quarter last year, the business posted $0.54 earnings per share. The business's quarterly revenue was up 39.7% compared to the same quarter last year. Analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

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.