Blair William & Co. IL Purchases 108,674 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Key Points

• Blair William & Co. IL has significantly increased its stake in Shift4 Payments by 88.5% during Q1, owning 0.26% of the company worth approximately $18.9 million.
• Shift4 Payments' stock price has seen a decrease of 15.5%, trading at around $86.40, despite a strong market capitalization of $7.66 billion.
• Analysts have mixed ratings on Shift4 Payments, with six holding a "hold" rating, fourteen issuing a "buy," and two providing a "strong buy," leading to an average rating of "Moderate Buy" and a price target of $117.20.

Blair William & Co. IL increased its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 88.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 231,422 shares of the company's stock after purchasing an additional 108,674 shares during the quarter. Blair William & Co. IL owned approximately 0.26% of Shift4 Payments worth $18,909,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FOUR. Elequin Capital LP boosted its holdings in shares of Shift4 Payments by 62.3% in the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after acquiring an additional 114 shares during the period. Valley National Advisers Inc. lifted its holdings in Shift4 Payments by 41.7% during the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after purchasing an additional 125 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its stake in Shift4 Payments by 31.4% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company's stock worth $43,000 after purchasing an additional 127 shares during the period. Triumph Capital Management grew its holdings in Shift4 Payments by 3.2% during the 4th quarter. Triumph Capital Management now owns 4,360 shares of the company's stock valued at $452,000 after buying an additional 137 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Shift4 Payments by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 26,944 shares of the company's stock valued at $2,796,000 after buying an additional 170 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Insider Buying and Selling

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $94,530.00. Following the sale, the director owned 7,474 shares of the company's stock, valued at $706,517.22. The trade was a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction dated 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 sale, the chief financial officer owned 167,622 shares in the company, valued at approximately $15,141,295.26. This trade represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,757 shares of company stock valued at $1,258,449 over the last three months. Corporate insiders own 25.15% of the company's stock.

Shift4 Payments Trading Down 4.9%

NYSE:FOUR traded down $4.27 during trading hours on Wednesday, hitting $82.16. The company had a trading volume of 5,204,134 shares, compared to its average volume of 1,762,080. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 1.36. Shift4 Payments, Inc. has a 52 week low of $63.41 and a 52 week high of $127.50. The company has a market capitalization of $7.28 billion, a PE ratio of 21.99 and a beta of 1.81. The stock has a 50-day moving average price of $98.77 and a 200 day moving average price of $95.45.

Analyst Ratings Changes

A number of research firms recently weighed in on FOUR. 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 target price on the stock. Truist Financial upped their price target on shares of Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. The Goldman Sachs Group reissued a "buy" rating and set a $104.00 price objective on shares of Shift4 Payments in a research note on Wednesday. Benchmark raised Shift4 Payments from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Finally, B. Riley reissued a "buy" rating on shares of Shift4 Payments in a report on Monday, June 2nd. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.40.

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.