Bessemer Group Inc. Raises Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Bessemer Group Inc. grew its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 22.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,062 shares of the company's stock after purchasing an additional 50,299 shares during the period. Bessemer Group Inc. owned approximately 0.30% of Shift4 Payments worth $22,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elequin Capital LP boosted its stake in shares of Shift4 Payments by 62.3% in the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after buying an additional 114 shares during the period. Triumph Capital Management raised its holdings in shares of Shift4 Payments by 3.2% in the 4th quarter. Triumph Capital Management now owns 4,360 shares of the company's stock valued at $452,000 after purchasing an additional 137 shares in the last quarter. MRP Capital Investments LLC raised its holdings in shares of Shift4 Payments by 5.9% in the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after purchasing an additional 150 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after purchasing an additional 157 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Shift4 Payments by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 26,944 shares of the company's stock valued at $2,796,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Performance

Shift4 Payments stock traded up $0.36 during mid-day trading on Friday, reaching $98.40. 1,223,645 shares of the company were exchanged, compared to its average volume of 1,684,089. The firm's 50-day simple moving average is $88.96 and its two-hundred day simple moving average is $95.86. Shift4 Payments, Inc. has a twelve month low of $57.45 and a twelve month high of $127.50. The firm has a market cap of $8.72 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 0.68 and a beta of 1.82. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.36 and a current ratio of 1.36.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. The firm had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. Shift4 Payments's quarterly revenue was up 39.7% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. Equities analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FOUR. Truist Financial started coverage on Shift4 Payments in a research report on Monday, June 2nd. They set a "hold" rating and a $97.00 price objective for the company. Morgan Stanley lowered their price target on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. DA Davidson restated a "buy" rating and set a $124.00 price objective on shares of Shift4 Payments in a research report on Thursday, June 5th. Raymond James Financial lowered their target price on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a report on Friday, April 4th. Finally, Piper Sandler dropped their target price on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $115.35.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $90.33, for a total value of $903,300.00. Following the completion of the sale, the chief financial officer now directly owns 167,622 shares of the company's stock, valued at $15,141,295.26. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen Roter Davis sold 2,757 shares of Shift4 Payments stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $260,619.21. Following the completion of the sale, the director now owns 6,592 shares in the company, valued at approximately $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,757 shares of company stock worth $1,258,449. Company 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.