Shift4 Payments, Inc. (NYSE:FOUR) Shares Purchased by Darlington Partners Capital Management LP

Darlington Partners Capital Management LP raised its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 17.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,510,014 shares of the company's stock after acquiring an additional 367,500 shares during the period. Shift4 Payments accounts for approximately 9.7% of Darlington Partners Capital Management LP's portfolio, making the stock its 6th largest position. Darlington Partners Capital Management LP owned approximately 2.79% of Shift4 Payments worth $260,489,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in 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 purchasing an additional 562,774 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of Shift4 Payments by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock worth $127,689,000 after buying an additional 350,703 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Shift4 Payments by 10.0% in the 4th quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock worth $120,899,000 after buying an additional 106,217 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Shift4 Payments by 16.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company's stock valued at $59,318,000 after purchasing an additional 78,728 shares in the last quarter. Finally, Northern Trust Corp grew its position 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 during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Wall Street Analyst Weigh In

FOUR has been the subject of several analyst reports. Susquehanna boosted their target price on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research note on Wednesday, April 30th. Morgan Stanley cut their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Benchmark raised shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. DA Davidson reduced their price target on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, Barclays lowered their price objective on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $112.38.

Shift4 Payments Stock Up 0.3 %

Shares of FOUR traded up $0.26 during mid-day trading on Friday, reaching $85.69. 1,221,769 shares of the stock traded hands, compared to its average volume of 1,674,439. Shift4 Payments, Inc. has a 12-month low of $57.45 and a 12-month high of $127.50. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 1.04 and a beta of 1.80. 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 stock has a fifty day simple moving average of $82.83 and a 200 day simple moving average of $97.93.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping 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 firm had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same period last year, the company earned $0.54 earnings per share. The firm's revenue for the quarter was up 39.7% on a year-over-year basis. Sell-side analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value 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. The trade was a 0.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Nancy Disman sold 10,000 shares of the firm'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 sale, the chief financial officer now owns 177,622 shares of the company's stock, 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 three months, insiders sold 12,695 shares of company stock worth $1,097,380. Company insiders own 30.57% of the company's stock.

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.