Royal Bank of Canada Has $16.83 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

Royal Bank of Canada reduced its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 94.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 162,138 shares of the company's stock after selling 2,745,855 shares during the quarter. Royal Bank of Canada owned about 0.18% of Shift4 Payments worth $16,827,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in Shift4 Payments during the 4th quarter valued at $812,000. Cerity Partners LLC raised its holdings in Shift4 Payments by 35.7% during the 4th 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 period. Lebenthal Global Advisors LLC purchased a new stake in Shift4 Payments during the 4th quarter valued at $328,000. Crossmark Global Holdings Inc. purchased a new stake in Shift4 Payments during the 4th quarter valued at $358,000. Finally, Pacer Advisors Inc. purchased a new stake in Shift4 Payments during the 4th quarter valued at $1,556,000. 98.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FOUR has been the topic of a number of recent analyst reports. William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Stephens restated an "overweight" rating and set a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research note on Monday, February 3rd. They set a "hold" rating and a $120.00 price target on the stock. Piper Sandler cut their price target on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Susquehanna raised their price target on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Shift4 Payments has an average rating of "Moderate Buy" and a consensus target price of $116.32.

Insider Activity at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares of the company's stock, valued at $24,287,295.20. This represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $15,094,317.56. This trade represents a 5.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock valued at $1,097,380 in the last three months. 25.15% of the stock is currently owned by company insiders.

Shift4 Payments Stock Performance

Shares of NYSE FOUR traded up $2.29 during trading hours on Thursday, reaching $92.96. The stock had a trading volume of 1,033,910 shares, compared to its average volume of 1,655,832. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.04 and a beta of 1.80. 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, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $127.50. The firm has a 50-day moving average of $83.24 and a 200-day moving average of $97.60.

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