NBC Securities Inc. Buys 3,469 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

NBC Securities Inc. grew its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 57,816.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,475 shares of the company's stock after acquiring an additional 3,469 shares during the period. NBC Securities Inc.'s holdings in Shift4 Payments were worth $283,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in shares of Shift4 Payments in the 4th quarter worth about $26,000. Rakuten Securities Inc. increased its stake in shares of Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares in the last quarter. Elequin Capital LP lifted its holdings in shares of Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after purchasing an additional 114 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $36,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $37,000. Institutional investors own 98.87% of the company's stock.

Analyst Ratings Changes

FOUR has been the subject of a number of recent research reports. Truist Financial initiated coverage on Shift4 Payments in a research note on Monday, June 2nd. They set a "hold" rating and a $97.00 price objective for the company. UBS Group lowered their price target on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Susquehanna increased their price objective on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research report on Wednesday, April 30th. Barclays reduced their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada dropped their target price on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Seven equities research 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.35.

Shift4 Payments Stock Performance

Shares of NYSE:FOUR traded up $1.23 during trading on Monday, hitting $95.63. The company's stock had a trading volume of 1,425,487 shares, compared to its average volume of 1,682,357. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 1.04 and a beta of 1.82. The company has a 50-day moving average of $84.51 and a 200-day moving average of $97.19. Shift4 Payments, Inc. has a 12 month low of $57.45 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released 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. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. Shift4 Payments's revenue for the quarter was up 39.7% on a year-over-year basis. On average, sell-side analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 25.15% of the stock is currently owned by insiders.

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.