DAVENPORT & Co LLC Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

DAVENPORT & Co LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 129,907 shares of the company's stock, valued at approximately $10,615,000. DAVENPORT & Co LLC owned 0.15% of Shift4 Payments as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FOUR. Proficio Capital Partners LLC bought a new position in shares of Shift4 Payments in the 4th quarter worth approximately $37,000. Jones Financial Companies Lllp lifted its stake in shares of Shift4 Payments by 77.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,291 shares of the company's stock worth $134,000 after purchasing an additional 565 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Shift4 Payments in the 4th quarter worth approximately $326,000. State of Michigan Retirement System bought a new stake in Shift4 Payments during the 4th quarter worth approximately $1,692,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Shift4 Payments by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 459,623 shares of the company's stock worth $47,700,000 after acquiring an additional 31,927 shares during the period. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Price Performance

Shares of FOUR stock traded up $3.35 on Friday, reaching $101.89. The company's stock had a trading volume of 1,163,430 shares, compared to its average volume of 1,687,124. The stock's fifty day simple moving average is $91.52 and its 200-day simple moving average is $95.77. Shift4 Payments, Inc. has a 1 year low of $57.45 and a 1 year high of $127.50. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 0.73 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results 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. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The firm had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. During the same period last year, the firm posted $0.54 earnings per share. Shift4 Payments's revenue for the quarter was up 39.7% compared to the same quarter last year. Analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on FOUR. Susquehanna raised their target price on shares of Shift4 Payments from $100.00 to $125.00 and gave the stock a "positive" rating in a research note on Wednesday, April 30th. Barclays decreased 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 note on Thursday, April 3rd. UBS Group decreased 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 note on Wednesday, April 30th. Raymond James Financial decreased their target price on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 4th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Seven equities research 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 company. According to data from MarketBeat, Shift4 Payments presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.35.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Monday, June 16th. The shares were sold at an average price of $90.33, for a total transaction of $903,300.00. Following the completion of the transaction, the chief financial officer directly owned 167,622 shares of the company's stock, valued at $15,141,295.26. The trade was a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the transaction, the director directly owned 7,474 shares of the company's stock, valued at $706,517.22. The trade was a 11.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,757 shares of company stock valued at $1,258,449. 25.15% of the stock is owned by corporate insiders.

Shift4 Payments 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.