First Trust Advisors LP Buys 76,928 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

First Trust Advisors LP boosted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 24.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 396,820 shares of the company's stock after buying an additional 76,928 shares during the period. First Trust Advisors LP owned approximately 0.44% of Shift4 Payments worth $41,182,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FOUR. Moody National Bank Trust Division raised its position in shares of Shift4 Payments by 86.5% during the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company's stock valued at $1,645,000 after buying an additional 7,349 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Shift4 Payments during the fourth quarter worth about $812,000. Cerity Partners LLC boosted its holdings in shares of Shift4 Payments by 35.7% in the 4th quarter. Cerity Partners LLC now owns 4,629 shares of the company's stock worth $480,000 after purchasing an additional 1,218 shares in the last quarter. Lebenthal Global Advisors LLC bought a new stake in Shift4 Payments in the 4th quarter worth approximately $328,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Shift4 Payments in the fourth quarter worth approximately $358,000. Institutional investors own 98.87% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Raymond James cut their price objective on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Friday, April 4th. BTIG Research lowered their price target on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Evercore ISI assumed coverage on Shift4 Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 target price on the stock. Piper Sandler lowered their price target on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, DA Davidson cut their price target on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $111.30.

Shift4 Payments Stock Performance

Shares of FOUR traded up $8.05 during mid-day trading on Tuesday, hitting $87.71. 1,616,152 shares of the company's stock were exchanged, compared to its average volume of 1,601,112. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The business's 50 day moving average is $85.10 and its two-hundred day moving average is $98.61. Shift4 Payments, Inc. has a fifty-two week low of $56.10 and a fifty-two week high of $127.50. The firm has a market capitalization of $7.81 billion, a P/E ratio of 28.57, a P/E/G ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to analysts' expectations of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. On average, equities analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction 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. The trade was a 0.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now owns 177,622 shares of the company's stock, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is owned by corporate insiders.

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.