Price T Rowe Associates Inc. MD Grows Position in Shift4 Payments, Inc. (NYSE:FOUR)

Price T Rowe Associates Inc. MD boosted its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 344,859 shares of the company's stock after purchasing an additional 5,441 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.38% of Shift4 Payments worth $35,790,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its position in Shift4 Payments by 14.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after buying an additional 99 shares during the period. Perigon Wealth Management LLC increased its holdings in shares of Shift4 Payments by 3.5% in the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock valued at $419,000 after acquiring an additional 133 shares during the period. MRP Capital Investments LLC raised its position in Shift4 Payments by 5.9% in the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after purchasing an additional 150 shares during the last quarter. Rakuten Securities Inc. boosted its stake in Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after purchasing an additional 157 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in Shift4 Payments by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 26,944 shares of the company's stock worth $2,796,000 after purchasing an additional 170 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. DA Davidson lowered their target price on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Raymond James cut their price target 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. Oppenheimer lowered their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Finally, Piper Sandler cut their price objective on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Shift4 Payments currently has an average rating of "Moderate Buy" and an average target price of $112.38.

Shift4 Payments Price Performance

FOUR traded up $0.09 during midday trading on Tuesday, reaching $82.73. 261,691 shares of the company's stock were exchanged, compared to its average volume of 1,686,015. 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 business's 50-day moving average price is $83.80 and its 200 day moving average price is $98.22. Shift4 Payments, Inc. has a 1-year low of $56.10 and a 1-year high of $127.50. The stock has a market capitalization of $7.37 billion, a PE ratio of 27.00, a P/E/G ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.07 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 firm had revenue of $368.50 million for the quarter, compared to analysts' expectations of $886.09 million. During the same quarter in the prior year, the firm earned $0.54 EPS. Shift4 Payments's quarterly revenue was up 39.7% on a year-over-year basis. As a group, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,695 shares of company stock worth $1,097,380. Corporate insiders own 30.57% of the company's stock.

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.