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

Northern Trust Corp increased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 84.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 520,990 shares of the company's stock after purchasing an additional 238,478 shares during the quarter. Northern Trust Corp owned approximately 0.58% of Shift4 Payments worth $54,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock worth $678,668,000 after purchasing an additional 562,774 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in 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 purchasing an additional 350,703 shares in the last quarter. Geode Capital Management LLC grew its position in Shift4 Payments by 10.0% in the 4th quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock worth $120,899,000 after purchasing an additional 106,217 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Shift4 Payments by 16.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company's stock worth $59,318,000 after purchasing an additional 78,728 shares in the last quarter. Finally, Senator Investment Group LP grew its position in shares of Shift4 Payments by 4.9% during the 4th quarter. Senator Investment Group LP now owns 512,361 shares of the company's stock valued at $53,173,000 after acquiring an additional 23,800 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 10,000 shares of the firm's 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 completion of the sale, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. This trade represents a 5.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction 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. This represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock valued at $1,097,380 in the last quarter. Insiders own 30.57% of the company's stock.

Shift4 Payments Trading Up 2.3%

Shift4 Payments stock traded up $2.04 during trading hours on Tuesday, reaching $92.11. The stock had a trading volume of 318,548 shares, compared to its average volume of 1,671,540. The stock has a market cap of $8.21 billion, a PE ratio of 30.00, a PEG ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 52 week low of $57.45 and a 52 week high of $127.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The company has a fifty day simple moving average of $82.74 and a 200-day simple moving average of $97.93.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced 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. The business had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The company's revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. Analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FOUR shares. UBS Group reduced their target price on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company increased their target price on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Piper Sandler lowered their target price on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Benchmark raised shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Finally, Royal Bank of Canada decreased their price target on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Six equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.