Guggenheim Capital LLC Buys Shares of 9,164 Shift4 Payments, Inc. (NYSE:FOUR)

Guggenheim Capital LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,164 shares of the company's stock, valued at approximately $951,000.

Several other large investors also recently made changes to their positions in FOUR. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments in the fourth quarter valued at $26,000. Rakuten Securities Inc. boosted its stake in shares of Shift4 Payments by 153.9% in the fourth 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. Central Pacific Bank Trust Division purchased a new position in shares of Shift4 Payments in the fourth quarter valued at $28,000. UMB Bank n.a. bought a new position in Shift4 Payments during the 4th quarter valued at $29,000. Finally, Valley National Advisers Inc. bought a new position in Shift4 Payments during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction on Friday, March 14th. The stock was 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 directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This represents a 0.94 % 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 valued at $1,097,380 over the last quarter. Company insiders own 30.57% of the company's stock.

Shift4 Payments Price Performance

Shares of FOUR stock traded down $0.66 during mid-day trading on Monday, hitting $79.62. 1,873,245 shares of the stock traded hands, compared to its average volume of 1,600,337. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The company's 50-day simple moving average is $85.10 and its 200-day simple moving average is $98.61. 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, Inc. has a twelve month low of $56.10 and a twelve month high of $127.50.

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

Analysts Set New Price Targets

A number of research analysts have commented on FOUR shares. Barclays reduced their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Susquehanna reduced their price objective on shares of Shift4 Payments from $140.00 to $100.00 and set a "positive" rating on the stock in a research note on Friday, April 11th. Stephens reiterated an "overweight" rating and set a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. Morgan Stanley reduced their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. Finally, BTIG Research reduced their price target on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $111.30.

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.