Bosman Wealth Management LLC Purchases 19,456 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Bosman Wealth Management LLC raised its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 79.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 43,798 shares of the company's stock after purchasing an additional 19,456 shares during the period. Shift4 Payments accounts for about 3.6% of Bosman Wealth Management LLC's portfolio, making the stock its 10th largest position. Bosman Wealth Management LLC's holdings in Shift4 Payments were worth $3,579,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Elequin Capital LP grew 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 buying an additional 114 shares during the last quarter. Valley National Advisers Inc. grew its position in shares of Shift4 Payments by 41.7% in the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after buying an additional 125 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its position in shares of Shift4 Payments by 31.4% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company's stock worth $43,000 after buying an additional 127 shares during the last quarter. Triumph Capital Management grew its position 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 worth $452,000 after buying an additional 137 shares during the last quarter. Finally, MRP Capital Investments LLC grew its position 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 worth $280,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

FOUR has been the topic of several research analyst reports. Benchmark raised shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. BTIG Research dropped their target price on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Barclays dropped their target price on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. UBS Group dropped their target price on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Susquehanna boosted their target price on shares of Shift4 Payments from $100.00 to $125.00 and gave the stock a "positive" rating in a research report on Wednesday, April 30th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $116.10.

Insider Transactions at Shift4 Payments

In related news, Director Karen Roter Davis sold 2,757 shares of the company's stock in a transaction dated 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 owned 6,592 shares of the company's stock, valued at approximately $623,141.76. This represents a 29.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the transaction, the chief financial officer directly owned 167,622 shares of the company's stock, valued at approximately $15,141,295.26. This trade represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,757 shares of company stock valued at $1,258,449 over the last 90 days. 25.15% of the stock is currently owned by corporate insiders.

Shift4 Payments Stock Performance

Shares of FOUR traded down $2.63 during trading hours on Friday, hitting $101.01. The stock had a trading volume of 972,426 shares, compared to its average volume of 1,695,473. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a 50-day moving average price of $93.51 and a 200 day moving average price of $95.64. Shift4 Payments, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $127.50. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 34.13 and a beta of 1.80.

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, topping analysts' consensus estimates of $0.76 by $0.31. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The company had revenue of $368.50 million during the quarter, compared to analysts' expectations of $886.09 million. During the same period in the prior year, the business posted $0.54 earnings per share. The firm's revenue for the quarter was up 39.7% on a year-over-year basis. As a group, research analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

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.