Schonfeld Strategic Advisors LLC Invests $5.49 Million in Shift4 Payments, Inc. (NYSE:FOUR)

Schonfeld Strategic Advisors LLC acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 52,863 shares of the company's stock, valued at approximately $5,486,000. Schonfeld Strategic Advisors LLC owned approximately 0.06% of Shift4 Payments at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Shift4 Payments by 9.4% during 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 during the period. CIBC Private Wealth Group LLC raised its holdings in shares of 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 valued at $127,689,000 after buying an additional 350,703 shares during the period. Northern Trust Corp increased its position in shares of Shift4 Payments by 84.4% during the fourth quarter. Northern Trust Corp now owns 520,990 shares of the company's stock worth $54,068,000 after acquiring an additional 238,478 shares during the period. Rice Hall James & Associates LLC increased its holdings in Shift4 Payments by 799.9% in the fourth quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company's stock valued at $23,977,000 after buying an additional 205,361 shares during the last quarter. Finally, Maestria Partners LLC acquired a new position in shares of Shift4 Payments in the 4th quarter valued at $19,614,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Price Performance

NYSE FOUR traded up $0.43 on Tuesday, hitting $83.07. The company had a trading volume of 1,371,742 shares, compared to its average volume of 1,690,247. Shift4 Payments, Inc. has a 12-month low of $56.10 and a 12-month high of $127.50. The company has a market capitalization of $7.40 billion, a PE ratio of 27.06, a PEG ratio of 1.04 and a beta of 1.80. The company's fifty day moving average price is $83.80 and its 200-day moving average price is $98.22. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97.

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

Analyst Ratings Changes

Several research firms have issued reports on FOUR. UBS Group dropped their target price on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods dropped their price objective on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. DA Davidson cut their price target on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Royal Bank of Canada dropped their target price on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, BTIG Research dropped 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. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Shift4 Payments has an average rating of "Moderate Buy" and a consensus target price of $112.38.

Insider Activity

In related news, President David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now 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 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 over the last quarter. Corporate insiders own 30.57% of the company's stock.

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.