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

Pacific Point Advisors LLC bought a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,000 shares of the company's stock, valued at approximately $726,000.

Several other institutional investors have also recently made changes to their positions in FOUR. UMB Bank n.a. purchased a new position in Shift4 Payments in the 4th quarter worth about $29,000. Crossmark Global Holdings Inc. purchased a new position in shares of Shift4 Payments in the 4th quarter worth approximately $358,000. SG Americas Securities LLC purchased a new position in shares of Shift4 Payments in the 4th quarter worth approximately $344,000. Janney Montgomery Scott LLC grew its position in shares of Shift4 Payments by 317.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,427 shares of the company's stock worth $1,705,000 after buying an additional 12,489 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Shift4 Payments by 9.2% in the 4th quarter. Avior Wealth Management LLC now owns 5,107 shares of the company's stock worth $530,000 after buying an additional 432 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $87.52 on Friday. The firm has a market cap of $7.76 billion, a PE ratio of 28.51, a PEG ratio of 1.04 and a beta of 1.80. The firm has a fifty day moving average of $83.05 and a 200 day moving average of $97.78. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. BTIG Research lowered their target price on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Wall Street Zen cut shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday. Stephens reiterated an "overweight" rating and issued a $125.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company lifted their target price on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Shift4 Payments currently has an average rating of "Moderate Buy" and an average target price of $114.25.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. The trade was a 5.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President David Taylor Lauber sold 2,500 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the transaction, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. The trade was a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 over the last 90 days. 25.15% of the stock is currently owned by corporate insiders.

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.

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