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

Schonfeld Strategic Advisors LLC purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,863 shares of the company's stock, valued at approximately $5,486,000. Schonfeld Strategic Advisors LLC owned about 0.06% of Shift4 Payments as of its most recent SEC filing.

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

Shift4 Payments Price Performance

Shares of FOUR stock traded up $2.71 on Thursday, reaching $85.97. The company's stock had a trading volume of 914,316 shares, compared to its average volume of 1,689,745. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $7.66 billion, a P/E ratio of 28.04, a PEG ratio of 1.04 and a beta of 1.80. The stock's 50 day simple moving average is $83.20 and its 200-day simple moving average is $98.01. Shift4 Payments, Inc. has a 12-month low of $56.10 and a 12-month 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 EPS for the quarter, topping 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 business had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. During the same quarter last year, the company earned $0.54 EPS. The company's quarterly revenue was up 39.7% compared to the same quarter last year. As a group, equities analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FOUR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a "hold" rating and a $120.00 price objective for the company. 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 report on Wednesday, April 30th. Morgan Stanley lowered their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. Piper Sandler cut their target price 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. Finally, Raymond James reduced their price objective on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Friday, April 4th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.38.

Insider Buying and Selling

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. The trade was a 5.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,695 shares of company stock worth $1,097,380. Corporate insiders own 30.57% of the company's stock.

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.