8,000 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Acquired by Sphera Management Technology Funds Ltd

Sphera Management Technology Funds Ltd acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,000 shares of the company's stock, valued at approximately $830,000.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Shift4 Payments by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock worth $678,668,000 after purchasing an additional 562,774 shares in the last quarter. Cat Rock Capital Management LP acquired a new position in shares of Shift4 Payments during the 4th quarter worth about $39,222,000. Darlington Partners Capital Management LP raised its position in shares of Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock worth $260,489,000 after purchasing an additional 367,500 shares during the last quarter. CIBC Private Wealth Group LLC raised its position 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 purchasing an additional 350,703 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Shift4 Payments by 84.4% during the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company's stock worth $54,068,000 after purchasing an additional 238,478 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Trading Up 1.9%

Shares of NYSE FOUR traded up $1.67 during midday trading on Friday, reaching $89.21. 1,109,894 shares of the stock were exchanged, compared to its average volume of 1,660,977. The company has a 50 day simple moving average of $83.11 and a 200 day simple moving average of $97.78. The stock has a market capitalization of $7.91 billion, a P/E ratio of 29.06, a PEG ratio of 1.04 and a beta of 1.80. 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, Inc. has a twelve month low of $57.45 and a twelve month high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. The business 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%. The business's revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS. As a group, equities analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a "hold" rating and a $120.00 price target for the company. Stephens restated an "overweight" rating and set a $125.00 price target on shares of Shift4 Payments in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their price target on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. Finally, BTIG Research reduced their price target on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Seven 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $114.25.

Insider Transactions at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of the 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 completion of the transaction, the president now owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the 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 transaction, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at $15,094,317.56. The trade was a 5.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock worth $1,097,380 in the last 90 days. Insiders own 25.15% of the company's stock.

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.