Shift4 Payments, Inc. (NYSE:FOUR) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC grew its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 968.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,277 shares of the company's stock after purchasing an additional 37,415 shares during the quarter. MetLife Investment Management LLC's holdings in Shift4 Payments were worth $4,284,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moody National Bank Trust Division increased its holdings in Shift4 Payments by 86.5% in the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company's stock worth $1,645,000 after purchasing an additional 7,349 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Shift4 Payments during the fourth quarter worth $812,000. Cerity Partners LLC grew its holdings in shares of Shift4 Payments by 35.7% during the fourth quarter. Cerity Partners LLC now owns 4,629 shares of the company's stock valued at $480,000 after buying an additional 1,218 shares during the last quarter. Lebenthal Global Advisors LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter worth about $328,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Shift4 Payments during the 4th quarter valued at about $358,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Stock Performance

Shares of FOUR traded down $5.84 during mid-day trading on Wednesday, hitting $84.02. 2,262,797 shares of the company traded hands, compared to its average volume of 1,614,465. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a 1 year low of $56.10 and a 1 year high of $127.50. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 1.04 and a beta of 1.80. The stock has a 50-day moving average price of $84.93 and a two-hundred day moving average price of $98.55.

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

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value 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 $24,287,295.20. The trade was 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.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. DA Davidson dropped their price target on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Morgan Stanley dropped their price objective on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. UBS Group cut their price target on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating for the company in a report on Wednesday. Royal Bank of Canada restated an "outperform" rating and set a $154.00 target price on shares of Shift4 Payments in a research report on Tuesday, March 4th. Finally, Barclays decreased their price objective on shares of 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 research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of "Moderate Buy" and an average price target of $111.95.

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.