377,930 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Purchased by Cat Rock Capital Management LP

Cat Rock Capital Management LP bought a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 377,930 shares of the company's stock, valued at approximately $39,222,000. Shift4 Payments comprises 5.1% of Cat Rock Capital Management LP's portfolio, making the stock its 9th biggest holding. Cat Rock Capital Management LP owned approximately 0.42% of Shift4 Payments as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Moody National Bank Trust Division boosted its stake 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 valued at $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 in the 4th quarter valued at approximately $812,000. Cerity Partners LLC raised its stake in shares of Shift4 Payments by 35.7% during the fourth quarter. Cerity Partners LLC now owns 4,629 shares of the company's stock valued at $480,000 after acquiring an additional 1,218 shares during the last quarter. Lebenthal Global Advisors LLC acquired a new position in shares of Shift4 Payments during the fourth quarter worth $328,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Shift4 Payments in the fourth quarter worth $358,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

FOUR stock traded up $0.32 during midday trading on Wednesday, hitting $83.25. The company's stock had a trading volume of 1,172,157 shares, compared to its average volume of 1,692,720. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.04 and a beta of 1.80. The stock's 50-day moving average price is $83.20 and its 200 day moving average price is $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, Inc. has a 1 year low of $56.10 and a 1 year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.76 by $0.31. The business had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Shift4 Payments's revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, equities analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analysts Set New Price Targets

FOUR has been the topic of several recent research reports. Oppenheimer cut their target price on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company increased their target price on shares of Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. UBS Group dropped their price target 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, April 30th. Royal Bank of Canada reduced their price objective on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $112.38.

Insider Activity

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the business'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 completion of the sale, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,695 shares of company stock worth $1,097,380. 30.57% of the stock is owned by company insiders.

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.