Janney Montgomery Scott LLC Acquires 55,898 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Janney Montgomery Scott LLC grew its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 340.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,325 shares of the company's stock after purchasing an additional 55,898 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.08% of Shift4 Payments worth $5,910,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Shift4 Payments by 253.0% in the first quarter. SG Americas Securities LLC now owns 11,705 shares of the company's stock valued at $956,000 after purchasing an additional 8,389 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Shift4 Payments by 4.1% in the first quarter. Fifth Third Bancorp now owns 4,646 shares of the company's stock valued at $380,000 after purchasing an additional 181 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Shift4 Payments by 35.7% in the fourth quarter. Cerity Partners LLC now owns 4,629 shares of the company's stock valued at $480,000 after purchasing an additional 1,218 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Shift4 Payments by 114.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 15,755 shares of the company's stock valued at $1,635,000 after purchasing an additional 8,403 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Shift4 Payments by 91.4% in the first quarter. UMB Bank n.a. now owns 534 shares of the company's stock valued at $44,000 after purchasing an additional 255 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

Insider Transactions at Shift4 Payments

In other news, Director Karen Roter Davis sold 2,757 shares of the company's 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 now directly owns 6,592 shares in the company, valued at approximately $623,141.76. This represents a 29.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $90.33, for a total value of $903,300.00. Following the transaction, the chief financial officer now directly owns 167,622 shares in the company, valued at approximately $15,141,295.26. This represents a 5.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 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 Stock Performance

Shares of NYSE FOUR traded up $1.41 during mid-day trading on Monday, hitting $93.66. The company had a trading volume of 1,080,144 shares, compared to its average volume of 1,680,311. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 0.65 and a beta of 1.82. 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 stock's 50-day moving average price is $87.76 and its 200-day moving average price is $95.88.

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 for the quarter, beating the consensus estimate of $0.76 by $0.31. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. 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 previous year, the business earned $0.54 earnings per share. The firm's quarterly revenue was up 39.7% compared to the same quarter last year. On average, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on FOUR shares. Truist Financial started coverage on Shift4 Payments in a report on Monday, June 2nd. They set a "hold" rating and a $97.00 price target on the stock. William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Morgan Stanley dropped their price target on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Raymond James Financial dropped their price target on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Friday, April 4th. Finally, B. Riley reiterated a "buy" rating on shares of Shift4 Payments in a report on Monday, June 2nd. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Shift4 Payments presently has an average rating of "Moderate Buy" and a consensus price target of $115.35.

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.