Pacific Point Advisors LLC Acquires New Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Pacific Point Advisors LLC bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,000 shares of the company's stock, valued at approximately $726,000.

Other large investors have also made changes to their positions in the company. Asset Management One Co. Ltd. boosted its stake in Shift4 Payments by 14.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after acquiring an additional 99 shares during the last quarter. Elequin Capital LP raised its stake in Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after buying an additional 114 shares during the period. Perigon Wealth Management LLC lifted its holdings in Shift4 Payments by 3.5% during the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock worth $419,000 after acquiring an additional 133 shares in the last quarter. Triumph Capital Management grew its position in shares of Shift4 Payments by 3.2% in the 4th quarter. Triumph Capital Management now owns 4,360 shares of the company's stock valued at $452,000 after purchasing an additional 137 shares during the period. Finally, MRP Capital Investments LLC grew its position in shares of Shift4 Payments by 5.9% in the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Analyst Ratings Changes

FOUR has been the subject of a number of research reports. BTIG Research lowered their target price on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Raymond James 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. 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 note on Thursday, April 3rd. William Blair reaffirmed an "outperform" rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Finally, UBS Group decreased their target price on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $116.32.

Shift4 Payments Price Performance

FOUR stock traded down $0.41 during mid-day trading on Wednesday, hitting $90.58. The stock had a trading volume of 209,318 shares, compared to its average volume of 1,653,424. The firm has a fifty day simple moving average of $83.20 and a 200 day simple moving average of $97.65. The firm has a market capitalization of $8.03 billion, a P/E ratio of 29.51, a P/E/G ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 52 week low of $57.45 and a 52 week high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. The firm had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The company's revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. As a group, research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction that occurred 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 $15,094,317.56. The trade was a 5.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now owns 264,856 shares of the company's stock, valued at $24,287,295.20. This represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock valued at $1,097,380 over the last three months. 25.15% of the stock is currently owned by insiders.

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.