Beck Bode LLC Purchases Shares of 68,537 Shift4 Payments, Inc. (NYSE:FOUR)

Beck Bode LLC purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,537 shares of the company's stock, valued at approximately $5,095,000. Shift4 Payments comprises approximately 1.1% of Beck Bode LLC's investment portfolio, making the stock its 28th biggest position. Beck Bode LLC owned 0.08% of Shift4 Payments at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FOUR. C M Bidwell & Associates Ltd. purchased a new stake in shares of Shift4 Payments during the 3rd quarter worth about $35,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Shift4 Payments during the 4th quarter worth about $90,000. Nemes Rush Group LLC purchased a new stake in shares of Shift4 Payments during the 3rd quarter worth about $79,000. Covestor Ltd lifted its stake in Shift4 Payments by 49,166.7% in the 3rd quarter. Covestor Ltd now owns 1,478 shares of the company's stock valued at $82,000 after buying an additional 1,475 shares in the last quarter. Finally, HMS Capital Management LLC purchased a new position in Shift4 Payments in the 4th quarter valued at about $240,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of Shift4 Payments stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the sale, the insider now directly owns 243,880 shares in the company, valued at approximately $19,546,982. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 32.14% of the company's stock.

Shift4 Payments Stock Down 3.2 %

FOUR stock traded down $1.89 during midday trading on Tuesday, hitting $57.87. The company's stock had a trading volume of 1,164,397 shares, compared to its average volume of 1,400,943. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 2.02. Shift4 Payments, Inc. has a 52-week low of $42.91 and a 52-week high of $92.30. The firm has a market capitalization of $4.99 billion, a P/E ratio of 40.75, a PEG ratio of 0.93 and a beta of 1.57. The firm has a 50-day simple moving average of $70.38 and a 200-day simple moving average of $67.93.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). The firm had revenue of $269.30 million for the quarter, compared to analysts' expectations of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. As a group, equities analysts forecast that Shift4 Payments, Inc. will post 2.84 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Mizuho reaffirmed a "buy" rating and issued a $85.00 price target on shares of Shift4 Payments in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods initiated coverage on shares of Shift4 Payments in a report on Tuesday, January 16th. They issued an "outperform" rating and a $95.00 price objective for the company. Piper Sandler reiterated an "overweight" rating and issued a $93.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 28th. Morgan Stanley increased their price objective on shares of Shift4 Payments from $60.00 to $70.00 and gave the company an "equal weight" rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group cut their price objective on shares of Shift4 Payments from $91.00 to $80.00 and set a "buy" rating for the company in a report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.95.

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.

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