Shift4 Payments, Inc. (NYSE:FOUR) Shares Purchased by Castleark Management LLC

Castleark Management LLC boosted its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,940 shares of the company's stock after acquiring an additional 10,440 shares during the period. Castleark Management LLC owned 0.09% of Shift4 Payments worth $8,192,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. grew its stake in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after buying an additional 157 shares during the last quarter. UMB Bank n.a. bought a new position in Shift4 Payments during the 4th quarter valued at approximately $29,000. Elequin Capital LP raised its stake in Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after buying an additional 114 shares during the last quarter. Finally, Valley National Advisers Inc. purchased a new position in Shift4 Payments in the 4th quarter worth approximately $31,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the company'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 value of $849,800.00. Following the completion of the sale, the chief financial officer now owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. This represents a 5.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction 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 sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This trade represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,695 shares of company stock valued at $1,097,380. 25.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a report on Monday, March 31st. Royal Bank of Canada cut their target price on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research report on Monday, February 3rd. They set a "hold" rating and a $120.00 price objective for the company. Benchmark raised Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday. 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $114.25.

Shift4 Payments Price Performance

FOUR stock traded up $1.67 during mid-day trading on Friday, hitting $89.21. The company had a trading volume of 1,109,894 shares, compared to its average volume of 1,660,977. The company has a 50-day moving average price of $83.11 and a 200 day moving average price of $97.78. Shift4 Payments, Inc. has a 12-month low of $57.45 and a 12-month high of $127.50. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 1.04 and a beta of 1.80. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12.

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

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.