Sora Investors LLC Purchases Shares of 28,571 Shift4 Payments, Inc. (NYSE:FOUR)

Sora Investors LLC acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,571 shares of the company's stock, valued at approximately $2,965,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in shares of Shift4 Payments in the fourth quarter worth approximately $26,000. Rakuten Securities Inc. raised its holdings in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after buying an additional 157 shares during the period. UMB Bank n.a. purchased a new stake in shares of Shift4 Payments in the fourth quarter worth approximately $29,000. Valley National Advisers Inc. purchased a new stake in shares of Shift4 Payments in the fourth quarter worth approximately $31,000. Finally, Morse Asset Management Inc purchased a new stake in shares of Shift4 Payments in the fourth quarter worth approximately $36,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Stock Down 0.8%

Shares of NYSE FOUR traded down $0.73 during mid-day trading on Monday, reaching $89.97. 780,250 shares of the company were exchanged, compared to its average volume of 1,661,195. 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 stock has a market cap of $7.97 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 1 year low of $57.45 and a 1 year high of $127.50. The firm has a 50-day moving average of $82.87 and a 200 day moving average of $97.93.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $368.50 million during the quarter, compared to analysts' expectations of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm's quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. On average, research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Buying and Selling at Shift4 Payments

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 stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, 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. Over the last ninety days, insiders sold 12,695 shares of company stock worth $1,097,380. 25.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FOUR has been the topic of several recent analyst reports. William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Raymond James dropped their price objective on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 4th. DA Davidson dropped their price objective 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. Susquehanna increased their price objective on Shift4 Payments from $100.00 to $125.00 and gave the stock a "positive" rating in a research note on Wednesday, April 30th. Finally, UBS Group dropped their price objective on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.25.

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.