Prana Capital Management LP Invests $5.35 Million in Shift4 Payments, Inc. (NYSE:FOUR)

Prana Capital Management LP purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 51,535 shares of the company's stock, valued at approximately $5,348,000. Prana Capital Management LP owned approximately 0.06% of Shift4 Payments at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. ProShare Advisors LLC acquired a new position in Shift4 Payments during the 4th quarter worth $333,000. Quantinno Capital Management LP increased its stake in shares of Shift4 Payments by 8.8% in the fourth quarter. Quantinno Capital Management LP now owns 28,559 shares of the company's stock worth $2,964,000 after purchasing an additional 2,305 shares during the period. Numerai GP LLC acquired a new position in shares of Shift4 Payments during the 4th quarter worth about $269,000. Morse Asset Management Inc bought a new stake in Shift4 Payments during the 4th quarter valued at approximately $36,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Shift4 Payments by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,781 shares of the company's stock valued at $4,544,000 after purchasing an additional 1,683 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Insider Activity

In other news, 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 transaction 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 $15,094,317.56. This represents a 5.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock worth $1,097,380 over the last quarter. 25.15% of the stock is currently owned by company insiders.

Shift4 Payments Trading Up 0.5%

Shares of Shift4 Payments stock traded up $0.42 on Tuesday, hitting $90.41. 502,627 shares of the company's stock traded hands, compared to its average volume of 1,656,672. The firm's 50-day moving average price is $82.86 and its two-hundred day moving average price is $97.93. 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 stock has a market capitalization of $8.01 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The company had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same period last year, the business posted $0.54 earnings per share. The business's revenue for the quarter was up 39.7% compared to the same quarter last year. On average, research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on FOUR. Stephens reaffirmed an "overweight" rating and set a $125.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 19th. Evercore ISI initiated coverage on Shift4 Payments in a research note on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price objective for the company. BTIG Research lowered their target price on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their target price on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. Finally, Royal Bank of Canada dropped their price target on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.25.

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.