Alpha Wealth Funds LLC Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Alpha Wealth Funds LLC bought a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,000 shares of the company's stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also bought and sold shares of FOUR. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Shift4 Payments during the 4th quarter valued at about $16,195,000. Heck Capital Advisors LLC bought a new stake in Shift4 Payments during the 4th quarter valued at approximately $26,000. Armis Advisers LLC bought a new stake in Shift4 Payments in the 4th quarter worth approximately $316,000. Public Employees Retirement System of Ohio increased its stake in Shift4 Payments by 2.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 81,057 shares of the company's stock worth $8,412,000 after acquiring an additional 1,736 shares during the last quarter. Finally, Pacific Point Advisors LLC bought a new stake in Shift4 Payments in the 4th quarter worth approximately $726,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, President David Taylor Lauber sold 2,500 shares of the firm'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 transaction, the president now 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 transaction was disclosed in a legal 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 value of $849,800.00. Following the completion of the transaction, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33% 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 worth $1,097,380. 25.15% of the stock is owned by corporate insiders.

Shift4 Payments Stock Performance

Shares of FOUR stock traded up $1.91 during mid-day trading on Thursday, reaching $92.58. The stock had a trading volume of 1,705,103 shares, compared to its average volume of 1,662,710. The business's fifty day moving average is $83.33 and its 200-day moving average is $97.52. 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 firm has a market cap of $8.20 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 1-year low of $57.45 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $886.09 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company's revenue was up 39.7% compared to the same quarter last year. On average, research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FOUR shares. DA Davidson cut their target price on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a report on Monday, February 3rd. They set a "hold" rating and a $120.00 price objective for the company. William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Wall Street Zen lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Piper Sandler reduced their price target on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.