3,212 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Acquired by ProShare Advisors LLC

ProShare Advisors LLC acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,212 shares of the company's stock, valued at approximately $333,000.

A number of other hedge funds have also recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new stake in Shift4 Payments in the fourth quarter valued at about $812,000. Cerity Partners LLC raised its stake in Shift4 Payments by 35.7% in the fourth quarter. Cerity Partners LLC now owns 4,629 shares of the company's stock valued at $480,000 after buying an additional 1,218 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Shift4 Payments in the fourth quarter valued at about $1,556,000. Commonwealth Equity Services LLC raised its stake in Shift4 Payments by 114.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 15,755 shares of the company's stock valued at $1,635,000 after buying an additional 8,403 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in Shift4 Payments in the fourth quarter valued at about $1,982,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Stock Performance

Shift4 Payments stock traded up $2.37 during midday trading on Friday, hitting $94.96. 3,031,322 shares of the company were exchanged, compared to its average volume of 1,675,130. The firm has a market capitalization of $8.42 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $127.50. The business has a fifty day simple moving average of $83.50 and a two-hundred day simple moving average of $97.49. 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 (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.76 by $0.31. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same period last year, the company earned $0.54 earnings per share. Shift4 Payments's quarterly revenue was up 39.7% compared to the same quarter last year. On average, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Benchmark upgraded Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. Wells Fargo & Company increased their price target on Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their price target on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Royal Bank of Canada reduced their price objective on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, William Blair restated an "outperform" rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.32.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now directly owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were 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 directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. The trade was a 5.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,695 shares of company stock valued at $1,097,380. Company insiders own 25.15% of the company's stock.

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.