28,571 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Purchased by Sora Investors LLC

Sora Investors LLC acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,571 shares of the company's stock, valued at approximately $2,965,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after buying an additional 562,774 shares during the period. Darlington Partners Capital Management LP increased its holdings in Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock valued at $260,489,000 after purchasing an additional 367,500 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Shift4 Payments by 41.3% in the fourth 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 last quarter. Geode Capital Management LLC lifted its position in shares of Shift4 Payments by 10.0% during the fourth quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock worth $120,899,000 after purchasing an additional 106,217 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Shift4 Payments by 16.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company's stock valued at $59,318,000 after acquiring an additional 78,728 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Oppenheimer decreased their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. DA Davidson reduced their target price on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Benchmark raised Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. UBS Group dropped their price target 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. Finally, Wells Fargo & Company lifted their price objective on Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Shift4 Payments currently has an average rating of "Moderate Buy" and an average price target of $114.25.

Shift4 Payments Stock Down 2.8%

FOUR traded down $2.51 during trading hours on Wednesday, hitting $87.75. 362,684 shares of the company's stock were exchanged, compared to its average volume of 1,657,481. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 28.69, a PEG 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 stock's 50-day moving average is $82.98 and its two-hundred day moving average is $97.87. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $886.09 million. During the same quarter last year, the company earned $0.54 EPS. Shift4 Payments's revenue for the quarter was up 39.7% compared to the same quarter last year. Sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was 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 directly owns 177,622 shares of the company's stock, valued at $15,094,317.56. This trade represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President David Taylor Lauber sold 2,500 shares of the 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 transaction, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94% 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 worth $1,097,380 in the last 90 days. Corporate insiders own 25.15% 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.