Bessemer Group Inc. Boosts Holdings 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 filing with the SEC. The firm owned 270,062 shares of the company's stock after acquiring an additional 50,299 shares during the period. Bessemer Group Inc. owned about 0.30% of Shift4 Payments worth $22,068,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in Shift4 Payments during the fourth quarter worth about $26,000. Rakuten Securities Inc. boosted its position 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. Elequin Capital LP boosted its position in shares of Shift4 Payments by 62.3% in the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after purchasing an additional 114 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $36,000. Finally, Proficio Capital Partners LLC bought a new position in Shift4 Payments during the 4th quarter valued at approximately $37,000. Institutional investors own 98.87% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on FOUR. B. Riley reiterated a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Keefe, Bruyette & Woods reduced their price objective on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a report on Monday, March 31st. Royal Bank Of Canada lowered their target price on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Benchmark raised shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Finally, Raymond James Financial decreased their price objective 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. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $115.35.

Shift4 Payments Price Performance

Shift4 Payments stock traded up $1.02 during midday trading on Monday, reaching $99.24. 861,566 shares of the stock traded hands, compared to its average volume of 1,682,199. The stock has a market cap of $8.79 billion, a P/E ratio of 33.53, a PEG ratio of 0.70 and a beta of 1.82. The stock's fifty day moving average is $89.87 and its 200-day moving average is $95.76. The company has a quick ratio of 1.36, a current ratio of 1.36 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.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. The firm had revenue of $368.50 million during the quarter, compared to the consensus estimate of $886.09 million. During the same period in the prior year, the company earned $0.54 EPS. The company's quarterly revenue was up 39.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In related news, Director Karen Roter Davis sold 2,757 shares of Shift4 Payments stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $260,619.21. Following the completion of the transaction, the director owned 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the business'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 sale, the chief financial officer directly owned 167,622 shares in the company, valued at $15,141,295.26. The trade was a 5.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,757 shares of company stock worth $1,258,449 over the last 90 days. 25.15% of the stock is owned by insiders.

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.