Rice Hall James & Associates LLC Raises Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Rice Hall James & Associates LLC grew its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 48.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 343,751 shares of the company's stock after buying an additional 112,717 shares during the period. Shift4 Payments makes up about 1.6% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 15th largest holding. Rice Hall James & Associates LLC owned about 0.39% of Shift4 Payments worth $28,088,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments in the 4th quarter worth $26,000. Elequin Capital LP boosted its holdings in shares of Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. Valley National Advisers Inc. raised its holdings in shares of Shift4 Payments by 41.7% during the first quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock valued at $34,000 after purchasing an additional 125 shares during the last quarter. Morse Asset Management Inc purchased a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $36,000. Finally, Proficio Capital Partners LLC purchased a new stake in Shift4 Payments during the 4th quarter valued at $37,000. Institutional investors own 98.87% of the company's stock.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the transaction, the chief financial officer owned 167,622 shares in the company, valued at approximately $15,141,295.26. This trade represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the transaction, the director owned 7,474 shares in the company, valued at approximately $706,517.22. The trade was a 11.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,757 shares of company stock worth $1,258,449 in the last ninety days. 25.15% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. William Blair reaffirmed an "outperform" rating on shares of Shift4 Payments in a research report on Wednesday, April 30th. Wall Street Zen downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada reduced their price objective on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Evercore ISI assumed coverage on Shift4 Payments in a research note on Wednesday, April 9th. They set an "in-line" rating and a $80.00 target price on the stock. Finally, DA Davidson reiterated a "buy" rating and issued a $124.00 price target on shares of Shift4 Payments in a research note on Thursday, June 5th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.10.

Shift4 Payments Trading Up 2.3%

Shares of NYSE FOUR traded up $2.29 during midday trading on Monday, hitting $103.22. The company's stock had a trading volume of 989,896 shares, compared to its average volume of 1,795,704. The business's 50 day moving average is $93.51 and its two-hundred day moving average is $95.64. The firm has a market cap of $9.15 billion, a P/E ratio of 34.87 and a beta of 1.80. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a 12-month low of $57.45 and a 12-month high of $127.50.

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. The company had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The firm's revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. As a group, equities research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

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.