City Holding Co. Takes $1.27 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

City Holding Co. purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,249 shares of the company’s stock, valued at approximately $1,272,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Voss Capital LLC bought a new stake in Shift4 Payments in the 4th quarter worth approximately $11,151,000. FCF Advisors LLC purchased a new position in shares of Shift4 Payments during the 4th quarter worth $1,136,000. Peregrine Capital Management LLC purchased a new position in shares of Shift4 Payments during the 4th quarter worth $6,040,000. Donoghue Forlines LLC purchased a new position in shares of Shift4 Payments during the 4th quarter worth $1,506,000. Finally, Norges Bank purchased a new position in shares of Shift4 Payments during the 4th quarter worth $26,935,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Up 0.2 %

NYSE FOUR traded up $0.11 during trading on Monday, hitting $71.25. The company’s stock had a trading volume of 85,249 shares, compared to its average volume of 1,405,609. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market cap of $6.24 billion, a PE ratio of 47.75, a P/E/G ratio of 0.90 and a beta of 1.62. The business’s 50 day simple moving average is $65.67 and its 200-day simple moving average is $70.78. Shift4 Payments, Inc. has a fifty-two week low of $42.91 and a fifty-two week high of $92.30.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. The business had revenue of $263.70 million during the quarter, compared to analyst estimates of $268.55 million. On average, equities analysts anticipate that Shift4 Payments, Inc. will post 3.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $72.06, for a total transaction of $72,060.00. Following the completion of the sale, the director now owns 9,474 shares of the company’s stock, valued at $682,696.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Shift4 Payments news, CEO Jared Isaacman acquired 39,135 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of $64.04 per share, for a total transaction of $2,506,205.40. Following the completion of the transaction, the chief executive officer now directly owns 621,962 shares of the company’s stock, valued at $39,830,446.48. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $72.06, for a total value of $72,060.00. Following the completion of the sale, the director now owns 9,474 shares of the company’s stock, valued at $682,696.44. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Wall Street Analyst Weigh In

FOUR has been the topic of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. DA Davidson restated a “buy” rating and set a $96.00 target price on shares of Shift4 Payments in a research note on Wednesday, May 15th. The Goldman Sachs Group decreased their price target on shares of Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Piper Sandler reiterated an “overweight” rating and issued a $93.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 28th. Finally, Mizuho decreased their price target on shares of Shift4 Payments from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.67.

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.