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

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

Several other institutional investors and hedge funds have also bought and sold shares of FOUR. Asset Management One Co. Ltd. increased its holdings in shares of Shift4 Payments by 14.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock valued at $81,000 after purchasing an additional 99 shares during the last quarter. Perigon Wealth Management LLC grew its stake in Shift4 Payments by 3.5% in the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock valued at $419,000 after buying an additional 133 shares during the last quarter. Triumph Capital Management raised its holdings in Shift4 Payments by 3.2% in the 4th quarter. Triumph Capital Management now owns 4,360 shares of the company's stock valued at $452,000 after acquiring an additional 137 shares during the period. MRP Capital Investments LLC raised its holdings in Shift4 Payments by 5.9% in the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after acquiring an additional 150 shares during the period. Finally, Rakuten Securities Inc. boosted its stake in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares during the period. Institutional investors own 98.87% of the company's stock.

Insider Buying and Selling at Shift4 Payments

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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now directly owns 177,622 shares in the company, 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. Over the last quarter, insiders have sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FOUR has been the topic of a number of recent research reports. Evercore ISI began coverage on shares of Shift4 Payments in a research report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They issued a "hold" rating and a $120.00 price target for the company. DA Davidson reduced their price target on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. BTIG Research dropped their price objective on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Wells Fargo & Company increased their target price on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $112.38.

Shift4 Payments Trading Down 0.2 %

NYSE FOUR traded down $0.21 on Friday, hitting $85.22. The company's stock had a trading volume of 497,762 shares, compared to its average volume of 1,690,740. The firm has a market cap of $7.59 billion, a PE ratio of 27.76, a PEG ratio of 1.04 and a beta of 1.80. The company's 50-day moving average is $82.98 and its 200 day moving average is $97.95. 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, Inc. has a 1-year low of $56.10 and a 1-year high of $127.50.

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