Northern Trust Corp Has $43.76 Million Position in Shift4 Payments, Inc. $FOUR

Key Points

• Northern Trust Corp increased its position in Shift4 Payments by 2.8%, owning 535,507 shares valued at approximately $43.76 million at the end of the most recent quarter.
• Shift4 Payments received a variety of analyst ratings, with price targets ranging from $92.00 to $140.00, and a consensus rating of "Moderate Buy."
• Insiders sold 14,551 shares worth approximately $1.33 million in the last quarter, indicating potential shifts in ownership dynamics among corporate executives.

Northern Trust Corp boosted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 535,507 shares of the company's stock after acquiring an additional 14,517 shares during the period. Northern Trust Corp owned 0.60% of Shift4 Payments worth $43,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FOUR. Perpetual Ltd acquired a new position in Shift4 Payments during the 1st quarter worth $56,863,000. Cat Rock Capital Management LP acquired a new position in Shift4 Payments during the 4th quarter worth $39,222,000. Darlington Partners Capital Management LP lifted its position in Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock worth $260,489,000 after acquiring an additional 367,500 shares during the last quarter. Spyglass Capital Management LLC lifted its position in Shift4 Payments by 22.7% during the 4th quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company's stock worth $101,897,000 after acquiring an additional 181,539 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Shift4 Payments during the 4th quarter worth $16,195,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Insider Activity at Shift4 Payments

In other news, Director Karen Roter Davis sold 2,757 shares of the company'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 transaction of $260,619.21. Following the transaction, the director directly owned 6,592 shares in the company, valued at approximately $623,141.76. This represents a 29.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Jared Isaacman acquired 104,705 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the acquisition, the chairman directly owned 939,715 shares of the company's stock, valued at $78,569,571.15. This trade represents a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 14,551 shares of company stock valued at $1,329,822 in the last three months. 25.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FOUR shares. Morgan Stanley cut their price objective on shares of Shift4 Payments from $100.00 to $92.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. BTIG Research reaffirmed a "buy" rating on shares of Shift4 Payments in a research report on Tuesday, August 5th. Piper Sandler cut their price objective on shares of Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating for the company in a research report on Wednesday, August 6th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $104.00 price objective on shares of Shift4 Payments in a research report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a research note on Thursday, July 17th. They issued a "buy" rating and a $120.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Shift4 Payments presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.40.

Shift4 Payments Price Performance

Shift4 Payments stock traded down $0.75 during trading hours on Wednesday, hitting $88.39. 1,347,105 shares of the stock were exchanged, compared to its average volume of 2,418,725. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53. The stock has a market capitalization of $7.82 billion, a P/E ratio of 32.74, a P/E/G ratio of 0.90 and a beta of 1.72. Shift4 Payments, Inc. has a 12 month low of $68.09 and a 12 month high of $127.50. The business's 50-day moving average is $96.61 and its two-hundred day moving average is $91.29.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The company had revenue of $413.40 million for the quarter, compared to analyst estimates of $967.84 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. Shift4 Payments's revenue for the quarter was up 28.9% on a year-over-year basis. Equities research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

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.