Envestnet Asset Management Inc. Acquires 11,307 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Envestnet Asset Management Inc. lifted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 18.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,194 shares of the company's stock after acquiring an additional 11,307 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of Shift4 Payments worth $5,899,000 as of its most recent SEC filing.

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

Shift4 Payments Price Performance

Shift4 Payments stock traded up $1.75 during mid-day trading on Friday, hitting $106.55. 1,057,765 shares of the company traded hands, compared to its average volume of 1,133,547. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a fifty day moving average price of $97.09 and a 200-day moving average price of $95.66. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 36.00 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 (EPS) for the quarter, topping the consensus estimate 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%. Shift4 Payments's quarterly revenue was up 39.7% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. On average, equities analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FOUR shares. Barclays cut their target price on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a report on Thursday, July 17th. They set a "buy" rating and a $120.00 price objective for the company. DA Davidson reaffirmed a "buy" rating and issued a $124.00 target price on shares of Shift4 Payments in a report on Thursday, June 5th. B. Riley reissued a "buy" rating on shares of Shift4 Payments in a report on Monday, June 2nd. Finally, Royal Bank Of Canada reduced their price objective on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $116.70.

Insider Activity

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 completion of the transaction, the chief financial officer directly owned 167,622 shares in the company, valued at $15,141,295.26. This trade represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Roter Davis sold 2,757 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $260,619.21. Following the transaction, the director owned 6,592 shares of the company's stock, valued at approximately $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,757 shares of company stock worth $1,258,449 over the last three months. 25.15% of the stock is currently owned by corporate insiders.

Shift4 Payments Company 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.