Janney Montgomery Scott LLC Increases Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Janney Montgomery Scott LLC increased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 340.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,325 shares of the company's stock after acquiring 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 quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FOUR. Heck Capital Advisors LLC bought a new position in Shift4 Payments in the fourth quarter worth approximately $26,000. Rakuten Securities Inc. raised its position in shares of Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after purchasing an additional 157 shares during the period. Elequin Capital LP lifted its holdings 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 purchasing an additional 114 shares in the last quarter. Morse Asset Management Inc acquired a new stake in Shift4 Payments in the 4th quarter valued at $36,000. Finally, Smithfield Trust Co acquired a new stake in Shift4 Payments in the 4th quarter valued at $40,000. 98.87% of the stock is owned by institutional investors.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $94,530.00. Following the completion of the sale, the director now owns 7,474 shares in the company, valued at approximately $706,517.22. The trade was a 11.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Karen Roter Davis sold 2,757 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $260,619.21. Following the completion of the transaction, the director now owns 6,592 shares in the company, valued at $623,141.76. This represents a 29.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,757 shares of company stock valued at $1,258,449 over the last 90 days. 25.15% of the stock is owned by insiders.

Analyst Ratings Changes

FOUR has been the topic of a number of recent research reports. DA Davidson reaffirmed a "buy" rating and issued a $124.00 price objective on shares of Shift4 Payments in a research note on Thursday, June 5th. Royal Bank Of Canada dropped their price target on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods cut their price target on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Raymond James Financial decreased their price objective on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a report on Friday, April 4th. Finally, Evercore ISI began coverage on Shift4 Payments in a report on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 target price on the stock. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $115.35.

Shift4 Payments Stock Performance

FOUR stock traded up $1.75 during mid-day trading on Thursday, hitting $98.20. The company had a trading volume of 1,329,039 shares, compared to its average volume of 1,685,931. 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 market cap of $8.70 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 0.68 and a beta of 1.82. Shift4 Payments, Inc. has a 12 month low of $57.45 and a 12 month high of $127.50. The stock's fifty day moving average price is $88.96 and its two-hundred day moving average price is $95.86.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results 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. 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 analyst estimates of $886.09 million. During the same quarter last year, the business posted $0.54 EPS. Shift4 Payments's quarterly revenue was up 39.7% compared to the same quarter last year. On average, analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

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.