North Reef Capital Management LP Purchases Shares of 124,998 Shift4 Payments, Inc. (NYSE:FOUR)

North Reef Capital Management LP bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 124,998 shares of the company's stock, valued at approximately $12,972,000. Shift4 Payments makes up about 0.6% of North Reef Capital Management LP's portfolio, making the stock its 26th biggest position. North Reef Capital Management LP owned approximately 0.14% of Shift4 Payments at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FOUR. Vanguard Group Inc. raised its holdings in shares of Shift4 Payments by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after purchasing an additional 562,774 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of Shift4 Payments by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock worth $127,689,000 after acquiring an additional 350,703 shares during the last quarter. Rice Hall James & Associates LLC increased its stake in Shift4 Payments by 799.9% in the 4th quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company's stock valued at $23,977,000 after buying an additional 205,361 shares during the last quarter. Maestria Partners LLC purchased a new stake in Shift4 Payments in the 4th quarter valued at about $19,614,000. Finally, Principal Financial Group Inc. grew its position in shares of Shift4 Payments by 2,954.7% during the 4th quarter. Principal Financial Group Inc. now owns 158,998 shares of the company's stock valued at $16,501,000 after acquiring an additional 153,793 shares during the period. 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 Shift4 Payments stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the president now owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 over the last 90 days. Corporate insiders own 30.57% of the company's stock.

Shift4 Payments Stock Down 7.8 %

Shares of FOUR traded down $7.05 during mid-day trading on Wednesday, hitting $82.81. The company's stock had a trading volume of 3,809,520 shares, compared to its average volume of 1,620,801. Shift4 Payments, Inc. has a 52-week low of $56.10 and a 52-week high of $127.50. The company's 50-day moving average is $84.93 and its 200-day moving average is $98.55. 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 firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 26.97, a PEG 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, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $368.50 million during the quarter, compared to analysts' expectations of $886.09 million. During the same quarter last year, the company posted $0.54 earnings per share. The business's quarterly revenue was up 39.7% on a year-over-year basis. On average, equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Susquehanna raised their price objective on shares of Shift4 Payments from $100.00 to $125.00 and gave the stock a "positive" rating in a report on Wednesday. Keefe, Bruyette & Woods cut their price objective on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a report on Monday, March 31st. Royal Bank of Canada dropped their target price on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday. William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a report on Wednesday. Finally, Piper Sandler dropped their price objective on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the 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 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.