Freestone Grove Partners LP Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Freestone Grove Partners LP acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,086 shares of the company's stock, valued at approximately $632,000.

Other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in Shift4 Payments during the fourth quarter worth $26,000. Rakuten Securities Inc. raised its holdings in Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after purchasing an additional 157 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments during the fourth quarter valued at $28,000. UMB Bank n.a. acquired a new stake in Shift4 Payments during the fourth quarter worth approximately $29,000. Finally, Valley National Advisers Inc. bought a new stake in shares of Shift4 Payments in the 4th quarter valued at $31,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FOUR shares. BTIG Research dropped their target price on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Susquehanna lifted their price target on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research report on Wednesday, April 30th. Benchmark raised shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Oppenheimer lowered their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, DA Davidson cut 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. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $112.38.

Shift4 Payments Trading Up 0.4 %

FOUR stock traded up $0.32 during midday trading on Wednesday, hitting $83.25. 1,172,157 shares of the company's stock were exchanged, compared to its average volume of 1,690,606. The business has a 50-day simple moving average of $83.51 and a two-hundred day simple moving average of $98.12. Shift4 Payments, Inc. has a 1-year low of $56.10 and a 1-year high of $127.50. 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 stock has a market capitalization of $7.42 billion, a PE ratio of 27.12, a P/E/G ratio of 1.04 and a beta of 1.80.

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

Insider Activity at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred 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 completion of the sale, the president now directly 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 this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the business'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 sale, the chief financial officer now owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock worth $1,097,380 in the last 90 days. 30.57% of the stock is owned by insiders.

Shift4 Payments 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.