Voloridge Investment Management LLC Makes New $12.56 Million Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Voloridge Investment Management LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 121,052 shares of the company's stock, valued at approximately $12,563,000. Voloridge Investment Management LLC owned 0.13% of Shift4 Payments as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Sphera Management Technology Funds Ltd bought a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $830,000. Spyglass Capital Management LLC boosted its holdings in Shift4 Payments by 22.7% during the fourth quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company's stock worth $101,897,000 after buying an additional 181,539 shares during the last quarter. Shay Capital LLC bought a new position in shares of Shift4 Payments during the 4th quarter valued at about $446,000. Silvercrest Asset Management Group LLC raised its position in Shift4 Payments by 9.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 11,117 shares of the company's stock valued at $1,154,000 after buying an additional 925 shares during the last quarter. Finally, Sora Investors LLC acquired a new position in shares of Shift4 Payments during the 4th quarter worth approximately $2,965,000. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Trading Up 1.5%

Shares of NYSE FOUR traded up $1.32 during midday trading on Thursday, reaching $91.99. 538,544 shares of the stock were exchanged, compared to its average volume of 1,654,016. The company has a market capitalization of $8.15 billion, a P/E ratio of 29.95, a P/E/G ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 52-week low of $57.45 and a 52-week high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The stock has a 50 day moving average price of $83.24 and a 200-day moving average price of $97.60.

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

Insider Activity at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the transaction, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. The trade was 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 over the last ninety days. Corporate insiders own 25.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group cut their target price on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Susquehanna increased their price target on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their target price on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Wells Fargo & Company increased their price target on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, Raymond James dropped their target price on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Shift4 Payments has an average rating of "Moderate Buy" and a consensus target price of $116.32.

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.