Shift4 Payments, Inc. (NYSE:FOUR) Stock Holdings Lifted by Spyglass Capital Management LLC

Spyglass Capital Management LLC grew its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 22.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 981,859 shares of the company's stock after purchasing an additional 181,539 shares during the quarter. Shift4 Payments makes up approximately 5.7% of Spyglass Capital Management LLC's investment portfolio, making the stock its 3rd largest position. Spyglass Capital Management LLC owned approximately 1.09% of Shift4 Payments worth $101,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in FOUR. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments in the fourth quarter worth about $26,000. Rakuten Securities Inc. lifted its stake in Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after acquiring an additional 157 shares during the period. UMB Bank n.a. purchased a new stake in Shift4 Payments in the fourth quarter worth about $29,000. Valley National Advisers Inc. purchased a new stake in Shift4 Payments in the fourth quarter worth about $31,000. Finally, Morse Asset Management Inc purchased a new stake in Shift4 Payments in the fourth quarter worth about $36,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was 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 approximately $15,094,317.56. This represents a 5.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President David Taylor Lauber sold 2,500 shares of the company'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 completion of the sale, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,695 shares of company stock worth $1,097,380. Corporate insiders own 25.15% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on FOUR. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a "hold" rating and a $120.00 target price for the company. William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Susquehanna boosted their target price on shares of Shift4 Payments from $100.00 to $125.00 and gave the stock a "positive" rating in a report on Wednesday, April 30th. Raymond James reduced their target price on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a report on Friday, April 4th. Finally, Evercore ISI started coverage on shares of Shift4 Payments in a report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments presently has a consensus rating of "Moderate Buy" and an average price target of $114.25.

Shift4 Payments Stock Performance

NYSE:FOUR traded up $1.67 during midday trading on Friday, hitting $89.21. The company's stock had a trading volume of 1,109,894 shares, compared to its average volume of 1,660,977. Shift4 Payments, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $127.50. The firm's 50 day moving average is $83.11 and its 200-day moving average is $97.78. 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 firm has a market cap of $7.91 billion, a P/E ratio of 29.06, a P/E/G ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results 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. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The company had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. During the same quarter in the prior year, the company earned $0.54 EPS. Shift4 Payments's quarterly revenue was up 39.7% on a year-over-year basis. Equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

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.