Rafferty Asset Management LLC Buys Shares of 3,067 Shift4 Payments, Inc. (NYSE:FOUR)

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

Several other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of Shift4 Payments during the fourth quarter worth $26,000. Rakuten Securities Inc. grew its position in 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 purchasing an additional 157 shares in the last quarter. UMB Bank n.a. bought a new position in Shift4 Payments in the fourth quarter valued at $29,000. Valley National Advisers Inc. bought a new position in Shift4 Payments in the fourth quarter valued at $31,000. Finally, Morse Asset Management Inc bought a new position in Shift4 Payments in the fourth quarter valued at $36,000. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Performance

Shift4 Payments stock traded down $0.17 during midday trading on Wednesday, hitting $90.81. The company's stock had a trading volume of 384,223 shares, compared to its average volume of 1,918,963. Shift4 Payments, Inc. has a 1-year low of $57.45 and a 1-year 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. The company has a 50-day moving average price of $83.20 and a two-hundred day moving average price of $97.65. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.04 and a beta of 1.80.

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 the consensus estimate of $0.76 by $0.31. The business had revenue of $368.50 million during the quarter, compared to analysts' expectations of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business's revenue was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 EPS. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in 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. Barclays decreased their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Piper Sandler decreased their price objective on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Raymond James decreased their price objective on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Friday, April 4th. Finally, Oppenheimer decreased their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Six 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $116.32.

Insider Activity

In other news, President David Taylor Lauber sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the transaction, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. The trade was a 0.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the business'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 transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now owns 177,622 shares of the company's stock, valued at $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. In the last ninety days, insiders sold 12,695 shares of company stock worth $1,097,380. 25.15% of the stock is currently owned by corporate insiders.

Shift4 Payments 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.