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

Castleark Management LLC boosted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,940 shares of the company's stock after purchasing an additional 10,440 shares during the quarter. Castleark Management LLC owned approximately 0.09% of Shift4 Payments worth $8,192,000 at the end of the most recent reporting period.

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

Shift4 Payments Price Performance

Shares of FOUR stock traded up $1.67 during mid-day trading on Monday, hitting $89.21. 1,109,894 shares of the stock traded hands, compared to its average volume of 1,661,365. Shift4 Payments, Inc. has a twelve month low of $57.45 and a twelve month high of $127.50. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The company's 50-day simple moving average is $83.11 and its 200-day simple moving average is $97.78. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38.

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

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, the president now owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This trade represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock valued at $1,097,380 in the last quarter. Insiders own 25.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FOUR. DA Davidson dropped their price objective on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a report on Monday, February 24th. Susquehanna upped their price objective on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research report on Wednesday, April 30th. Piper Sandler dropped their target price on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company raised their price objective on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Barclays decreased their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $116.32.

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.