Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC lifted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 16.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,296 shares of the company's stock after purchasing an additional 15,153 shares during the quarter. Peregrine Capital Management LLC owned about 0.12% of Shift4 Payments worth $8,685,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Valley National Advisers Inc. boosted its stake in Shift4 Payments by 41.7% in the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after buying an additional 125 shares during the last quarter. New York State Teachers Retirement System raised its stake in Shift4 Payments by 1.1% during the first quarter. New York State Teachers Retirement System now owns 46,009 shares of the company's stock worth $3,759,000 after purchasing an additional 500 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Shift4 Payments by 96.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,050 shares of the company's stock valued at $2,946,000 after purchasing an additional 17,692 shares during the last quarter. Perpetual Ltd purchased a new stake in shares of Shift4 Payments during the 1st quarter valued at $56,863,000. Finally, Perigon Wealth Management LLC grew its position in Shift4 Payments by 5.4% during the first quarter. Perigon Wealth Management LLC now owns 4,122 shares of the company's stock valued at $337,000 after acquiring an additional 213 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $90.33, for a total value of $903,300.00. Following the completion of the transaction, the chief financial officer owned 167,622 shares in the company, valued at approximately $15,141,295.26. This represents a 5.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the firm'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 $94,530.00. Following the completion of the sale, the director owned 7,474 shares in the company, valued at $706,517.22. The trade was a 11.80% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on FOUR shares. Evercore ISI began 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 on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. B. Riley reissued a "buy" rating on shares of Shift4 Payments in a research report on Monday, June 2nd. Susquehanna upped their target price on Shift4 Payments from $100.00 to $125.00 and gave the stock a "positive" rating in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company increased their target price on Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Shift4 Payments has an average rating of "Moderate Buy" and a consensus price target of $115.35.

Shift4 Payments Stock Performance

FOUR stock traded up $3.35 during trading on Thursday, hitting $101.89. 1,163,430 shares of the company's stock traded hands, compared to its average volume of 1,683,177. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 0.69 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 stock has a fifty day moving average price of $90.66 and a two-hundred day moving average price of $95.80. 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 announced its quarterly earnings data 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 the consensus estimate of $886.09 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The company's revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

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.