Hunter Associates Investment Management LLC Purchases 5,554 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Hunter Associates Investment Management LLC grew its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 7.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,992 shares of the company's stock after buying an additional 5,554 shares during the quarter. Shift4 Payments accounts for approximately 1.0% of Hunter Associates Investment Management LLC's holdings, making the stock its 23rd largest position. Hunter Associates Investment Management LLC owned approximately 0.09% of Shift4 Payments worth $6,772,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FOUR. Crossmark Global Holdings Inc. increased its stake in shares of Shift4 Payments by 5.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company's stock worth $298,000 after purchasing an additional 194 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Shift4 Payments by 18.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 72,194 shares of the company's stock worth $5,899,000 after purchasing an additional 11,307 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its stake 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 purchasing an additional 127 shares in the last quarter. Argyle Capital Management LLC purchased a new stake in shares of Shift4 Payments in the 1st quarter worth $1,030,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Shift4 Payments by 114.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,718 shares of the company's stock worth $140,000 after purchasing an additional 918 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FOUR shares. Wells Fargo & Company upped their price objective on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Benchmark upgraded Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. Evercore ISI assumed coverage on Shift4 Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price target for the company. William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Finally, Piper Sandler cut their price target on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Seven 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.10.

Shift4 Payments Stock Down 1.0%

Shares of NYSE:FOUR opened at $103.53 on Thursday. The company has a current ratio of 1.36, a quick 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. The company has a 50-day moving average price of $92.70 and a 200 day moving average price of $95.82. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 0.74 and a beta of 1.80.

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

Insiders Place Their Bets

In other news, Director Sarah Goldsmith-Grover sold 1,000 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 transaction of $94,530.00. Following the completion of the sale, the director owned 7,474 shares of the company's stock, valued at approximately $706,517.22. The trade was a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred 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 sale, the chief financial officer directly owned 167,622 shares of the company's stock, valued at $15,141,295.26. This represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,757 shares of company stock valued at $1,258,449 over the last 90 days. 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.

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