Armis Advisers LLC Takes $316,000 Position in Shift4 Payments, Inc. (NYSE:FOUR)

Armis Advisers LLC acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,042 shares of the company's stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new position in Shift4 Payments in the fourth quarter worth approximately $26,000. Rakuten Securities Inc. increased its stake in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after purchasing an additional 157 shares in the last quarter. UMB Bank n.a. purchased a new stake in shares of Shift4 Payments in the 4th quarter worth $29,000. Valley National Advisers Inc. purchased a new position in Shift4 Payments during the fourth quarter valued at $31,000. Finally, Elequin Capital LP grew its holdings in Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after purchasing an additional 114 shares during the period. Institutional investors own 98.87% of the company's stock.

Insider Activity

In other news, 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 of the company's stock, valued at approximately $15,094,317.56. This trade represents a 5.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $229,250.00. Following the sale, the president now directly 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. Over the last 90 days, insiders have sold 12,695 shares of company stock valued at $1,097,380. 25.15% of the stock is currently owned by insiders.

Shift4 Payments Trading Up 2.1%

FOUR traded up $1.91 on Thursday, hitting $92.58. The company had a trading volume of 1,705,103 shares, compared to its average volume of 1,658,268. The business's fifty day simple moving average is $83.24 and its 200 day simple moving average is $97.60. 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 12-month low of $57.45 and a 12-month high of $127.50. The company has a market cap of $8.20 billion, a PE ratio of 30.16, a PEG ratio of 1.04 and a beta of 1.80.

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. The firm 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%. The company's revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. Equities research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FOUR shares. UBS Group lowered their price objective on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their price target on shares of Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They issued a "hold" rating and a $120.00 price objective for the company. Evercore ISI assumed coverage on shares of Shift4 Payments in a research report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price objective on the stock. Finally, Wall Street Zen cut shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $116.32.

About Shift4 Payments

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.