Senator Investment Group LP Purchases 23,800 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Senator Investment Group LP lifted its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 512,361 shares of the company's stock after buying an additional 23,800 shares during the quarter. Shift4 Payments makes up about 1.6% of Senator Investment Group LP's holdings, making the stock its 19th biggest holding. Senator Investment Group LP owned 0.57% of Shift4 Payments worth $53,173,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FOUR. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. increased its position in Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after buying an additional 157 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Shift4 Payments during the fourth quarter valued at $28,000. UMB Bank n.a. bought a new stake in Shift4 Payments in the fourth quarter worth $29,000. Finally, Valley National Advisers Inc. purchased a new stake in shares of Shift4 Payments in the fourth quarter worth $31,000. 98.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on FOUR. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research report on Monday, February 3rd. They issued a "hold" rating and a $120.00 price target for the company. Susquehanna decreased their target price on shares of Shift4 Payments from $140.00 to $100.00 and set a "positive" rating for the company in a report on Friday, April 11th. Oppenheimer cut their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company reduced their price target on shares of Shift4 Payments from $115.00 to $100.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Barclays lowered their price objective on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $111.30.

Insider Activity at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President David Taylor Lauber sold 2,500 shares of the business'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 completion of the sale, the president now directly owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,695 shares of company stock valued at $1,097,380. Insiders own 30.57% of the company's stock.

Shift4 Payments Price Performance

Shares of FOUR traded down $0.50 during trading hours on Friday, reaching $80.13. 1,361,408 shares of the stock traded hands, compared to its average volume of 1,596,992. The company has a market cap of $7.14 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The company's 50-day moving average price is $85.58 and its two-hundred day moving average price is $98.65. Shift4 Payments, Inc. has a 52-week low of $56.10 and a 52-week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The company had revenue of $405.00 million during the quarter, compared to analysts' expectations of $1 billion. On average, analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

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.