Rafferty Asset Management LLC Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Rafferty Asset Management LLC purchased a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,067 shares of the company's stock, valued at approximately $318,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Shift4 Payments by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock worth $678,668,000 after acquiring an additional 562,774 shares during the period. Darlington Partners Capital Management LP grew its stake in shares of Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock worth $260,489,000 after acquiring an additional 367,500 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Shift4 Payments by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock worth $127,689,000 after acquiring an additional 350,703 shares during the period. Geode Capital Management LLC lifted its holdings in Shift4 Payments by 10.0% during the 4th quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock worth $120,899,000 after purchasing an additional 106,217 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in Shift4 Payments by 16.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company's stock worth $59,318,000 after purchasing an additional 78,728 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Trading Up 2.1%

Shares of FOUR stock traded up $1.85 during trading hours on Tuesday, reaching $90.94. The company's stock had a trading volume of 1,102,411 shares, compared to its average volume of 1,659,129. The stock has a market capitalization of $8.06 billion, a P/E ratio of 29.62, a P/E/G ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50. The firm's fifty day simple moving average is $83.13 and its 200 day simple moving average is $97.70. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12.

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

Insider Transactions at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments 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 sale, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,695 shares of company stock worth $1,097,380. 25.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Stephens reissued an "overweight" rating and set a $125.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 19th. Piper Sandler dropped their price objective on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Barclays dropped their price objective on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Raymond James dropped their price objective on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Friday, April 4th. Finally, Susquehanna raised their price target on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Shift4 Payments has a consensus rating of "Moderate Buy" and an average price target of $116.32.

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.