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

Hunter Associates Investment Management LLC increased its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,992 shares of the company's stock after buying an additional 5,554 shares during the quarter. Shift4 Payments comprises 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 quarter.

Several other institutional investors have also modified their holdings of the company. Crossmark Global Holdings Inc. lifted its holdings in shares of Shift4 Payments by 5.6% in the first quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company's stock valued at $298,000 after buying an additional 194 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Shift4 Payments by 18.6% in the first quarter. Envestnet Asset Management Inc. now owns 72,194 shares of the company's stock valued at $5,899,000 after buying an additional 11,307 shares during the period. Riggs Asset Managment Co. Inc. lifted its holdings in shares of Shift4 Payments by 31.4% in the first quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company's stock valued at $43,000 after buying an additional 127 shares during the period. Argyle Capital Management LLC acquired a new stake in shares of Shift4 Payments in the first quarter valued at $1,030,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Shift4 Payments by 114.8% during the first 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 during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Analysts Set New Price Targets

FOUR has been the topic of a number of recent analyst reports. BTIG Research cut their target price on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods boosted their target price on Shift4 Payments from $95.00 to $110.00 and gave the stock a "market perform" rating in a research report on Wednesday. Raymond James Financial cut their target price on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Friday, April 4th. Barclays cut their target price on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company boosted their target price on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $116.10.

Insider Activity at Shift4 Payments

In related news, 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 completion of the sale, the chief financial officer owned 167,622 shares of the company's stock, valued at approximately $15,141,295.26. The trade was a 5.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Karen Roter Davis sold 2,757 shares of the business's 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 directly owned 6,592 shares of the company's stock, valued at approximately $623,141.76. The trade was a 29.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, 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 Stock Down 0.7%

NYSE:FOUR traded down $0.76 during trading hours on Thursday, hitting $103.78. 1,147,356 shares of the company's stock traded hands, compared to its average volume of 1,692,352. 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, Inc. has a twelve month low of $57.45 and a twelve month high of $127.50. The stock's fifty day moving average price is $92.70 and its two-hundred day moving average price is $95.82. The firm has a market cap of $9.20 billion, a P/E ratio of 27.73, a P/E/G ratio of 0.75 and a beta of 1.80.

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