Zenyatta Capital Management LP Takes Position in Shift4 Payments, Inc. (NYSE:FOUR)

Zenyatta Capital Management LP acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 52,500 shares of the company's stock, valued at approximately $3,903,000. Shift4 Payments makes up 1.5% of Zenyatta Capital Management LP's investment portfolio, making the stock its 20th largest holding. Zenyatta Capital Management LP owned 0.06% of Shift4 Payments at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Durable Capital Partners LP raised its stake in shares of Shift4 Payments by 7.1% during the 4th quarter. Durable Capital Partners LP now owns 4,576,010 shares of the company's stock worth $255,936,000 after purchasing an additional 301,452 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Shift4 Payments by 6.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,171,922 shares of the company's stock worth $177,406,000 after acquiring an additional 179,965 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Shift4 Payments by 8.0% during the 3rd quarter. Clearbridge Investments LLC now owns 2,025,558 shares of the company's stock worth $112,155,000 after acquiring an additional 149,783 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Shift4 Payments by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 722,623 shares of the company's stock worth $54,781,000 after acquiring an additional 22,867 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in shares of Shift4 Payments by 2.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 693,578 shares of the company's stock worth $38,403,000 after acquiring an additional 18,803 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

Insider Activity

In other news, insider David Taylor Lauber sold 15,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the sale, the insider now owns 243,880 shares of the company's stock, valued at $19,546,982. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 32.14% of the company's stock.

Wall Street Analysts Forecast Growth

FOUR has been the topic of a number of recent analyst reports. Evercore ISI decreased their target price on Shift4 Payments from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Wednesday, February 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $94.00 price objective on shares of Shift4 Payments in a report on Wednesday. Raymond James upped their price objective on Shift4 Payments from $75.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, December 20th. Morgan Stanley upped their price objective on Shift4 Payments from $60.00 to $70.00 and gave the company an "equal weight" rating in a report on Wednesday, February 28th. Finally, Wells Fargo & Company upped their price objective on Shift4 Payments from $60.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty have given a buy rating to the company. According to MarketBeat, Shift4 Payments presently has an average rating of "Moderate Buy" and an average price target of $85.00.

Shift4 Payments Trading Up 2.5 %

Shares of FOUR stock traded up $1.66 on Friday, hitting $67.46. The company had a trading volume of 1,277,245 shares, compared to its average volume of 1,772,526. The firm has a market cap of $5.81 billion, a P/E ratio of 47.51, a P/E/G ratio of 1.06 and a beta of 1.57. The stock's 50-day moving average is $74.92 and its two-hundred day moving average is $66.87. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.63 and a current ratio of 1.64. Shift4 Payments, Inc. has a twelve month low of $42.91 and a twelve month high of $92.30.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). The company had revenue of $269.30 million during the quarter, compared to analyst estimates of $278.85 million. Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. On average, equities research analysts anticipate that Shift4 Payments, Inc. will post 2.86 earnings per share for the current fiscal year.

Shift4 Payments 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.