Polianta Ltd Acquires New Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Polianta Ltd acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,700 shares of the company's stock, valued at approximately $1,037,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after purchasing an additional 562,774 shares in the last quarter. Cat Rock Capital Management LP bought a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $39,222,000. Darlington Partners Capital Management LP increased its holdings in shares of Shift4 Payments by 17.2% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock valued at $260,489,000 after acquiring an additional 367,500 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Shift4 Payments by 41.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock valued at $127,689,000 after acquiring an additional 350,703 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Shift4 Payments by 84.4% during the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company's stock valued at $54,068,000 after purchasing an additional 238,478 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Stock Performance

NYSE:FOUR traded up $2.73 on Monday, reaching $91.45. 1,031,548 shares of the company's stock were exchanged, compared to its average volume of 1,680,156. The stock has a fifty day simple moving average of $86.52 and a 200-day simple moving average of $96.37. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 1.04 and a beta of 1.82. Shift4 Payments, Inc. has a 52 week low of $57.45 and a 52 week high of $127.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The company had revenue of $368.50 million during the quarter, compared to the consensus estimate of $886.09 million. During the same period last year, the firm earned $0.54 EPS. Shift4 Payments's revenue for the quarter was up 39.7% on a year-over-year basis. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on FOUR. Benchmark raised shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their price objective on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a report on Monday, March 31st. Piper Sandler decreased their price objective on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Truist Financial initiated coverage on Shift4 Payments in a report on Monday, June 2nd. They set a "hold" rating and a $97.00 price target for the company. Finally, Morgan Stanley decreased their price target on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. Seven equities research 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.35.

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.