Northern Trust Corp Purchases 238,478 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Northern Trust Corp boosted its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 84.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 520,990 shares of the company's stock after purchasing an additional 238,478 shares during the quarter. Northern Trust Corp owned about 0.58% of Shift4 Payments worth $54,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments in the fourth quarter valued at about $26,000. Rakuten Securities Inc. boosted its holdings 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. UMB Bank n.a. acquired a new position in shares of Shift4 Payments during the 4th quarter worth approximately $29,000. Valley National Advisers Inc. acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $31,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $42,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Trading Up 0.4 %

Shares of Shift4 Payments stock opened at $83.25 on Thursday. The stock has a market capitalization of $7.42 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 52-week low of $56.10 and a 52-week high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The stock's 50-day simple moving average is $83.20 and its 200 day simple moving average is $98.01.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings data 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. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same period in the previous year, the company posted $0.54 EPS. The firm's revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, research analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Activity

In other news, President David Taylor Lauber sold 2,500 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was 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 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 SEC, which is accessible through this link. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the sale, the chief financial officer now owns 177,622 shares of the company's stock, valued at $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,695 shares of company stock worth $1,097,380. 30.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on FOUR. William Blair reissued an "outperform" rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Susquehanna raised their price target on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research note on Wednesday, April 30th. Benchmark raised shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research note on Monday, February 3rd. They issued a "hold" rating and a $120.00 price target for the company. Finally, Raymond James lowered their price objective on 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. Six investment 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $112.38.

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.

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