Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by Palisade Capital Management LP

Palisade Capital Management LP increased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 343,867 shares of the company's stock after buying an additional 28,534 shares during the period. Palisade Capital Management LP owned about 0.39% of Shift4 Payments worth $28,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments in the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. raised its position in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after buying an additional 157 shares during the last quarter. Elequin Capital LP raised its position in shares of Shift4 Payments by 62.3% in the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after buying an additional 114 shares during the last quarter. Valley National Advisers Inc. raised its position in shares of Shift4 Payments by 41.7% in the first quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock valued at $34,000 after buying an additional 125 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in shares of Shift4 Payments in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 98.87% of the company's stock.

Wall Street Analyst Weigh In

FOUR has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Truist Financial started coverage on shares of Shift4 Payments in a research report on Monday, June 2nd. They issued a "hold" rating and a $97.00 price objective for the company. BTIG Research dropped their price target on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company upped their price target on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Evercore ISI started coverage on shares of Shift4 Payments in a research report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price target for the company. Seven 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $115.35.

Shift4 Payments Trading Up 3.4%

Shares of Shift4 Payments stock traded up $3.35 during trading hours on Friday, hitting $101.89. The company's stock had a trading volume of 1,163,430 shares, compared to its average volume of 1,690,053. Shift4 Payments, Inc. has a 1-year low of $57.45 and a 1-year high of $127.50. The business has a fifty day moving average of $91.52 and a 200 day moving average of $95.77. The company has a market capitalization of $9.03 billion, a PE ratio of 34.42, a P/E/G ratio of 0.73 and a beta of 1.80. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.12.

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 for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The business had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. During the same period last year, the business earned $0.54 EPS. The business's revenue was up 39.7% on a year-over-year basis. As a group, equities analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Monday, June 16th. The shares were sold at an average price of $90.33, for a total transaction of $903,300.00. Following the sale, the chief financial officer owned 167,622 shares of the company's stock, valued at $15,141,295.26. The trade was a 5.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the sale, the director directly owned 7,474 shares in the company, valued at $706,517.22. This trade represents a 11.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,757 shares of company stock valued at $1,258,449 in the last quarter. Company insiders own 25.15% of the company's stock.

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.