Vanguard Group Inc. Has $395.09 Million Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Vanguard Group Inc. decreased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,314,673 shares of the company’s stock after selling 44,024 shares during the period. Vanguard Group Inc. owned 6.17% of Shift4 Payments worth $395,093,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Kodai Capital Management LP acquired a new stake in shares of Shift4 Payments in the fourth quarter worth about $59,520,000. Wasatch Advisors LP lifted its position in shares of Shift4 Payments by 31.6% in the fourth quarter. Wasatch Advisors LP now owns 2,570,145 shares of the company’s stock worth $191,065,000 after buying an additional 616,452 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Shift4 Payments by 25.7% in the fourth quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock worth $218,936,000 after buying an additional 601,749 shares during the last quarter. Foxhaven Asset Management LP acquired a new stake in shares of Shift4 Payments in the fourth quarter worth about $38,879,000. Finally, Norges Bank bought a new position in shares of Shift4 Payments in the fourth quarter worth about $26,935,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, CEO Jared Isaacman bought 39,135 shares of Shift4 Payments stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of $64.04 per share, with a total value of $2,506,205.40. Following the acquisition, 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 Securities & Exchange Commission, which can be accessed through this link. In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total transaction of $723,400.00. Following the transaction, the chief financial officer now owns 274,954 shares of the company’s stock, valued at approximately $19,890,172.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jared Isaacman acquired 39,135 shares of Shift4 Payments stock in a transaction on Thursday, May 23rd. The shares were purchased at an average cost of $64.04 per share, for a total transaction of $2,506,205.40. Following the acquisition, the chief executive officer now owns 621,962 shares in the company, valued at approximately $39,830,446.48. The disclosure for this purchase can be found here. 30.57% of the stock is owned by company insiders.

Shift4 Payments Trading Up 2.2 %

FOUR stock opened at $73.32 on Friday. Shift4 Payments, Inc. has a 1-year low of $42.91 and a 1-year high of $92.30. The firm has a market cap of $6.42 billion, a P/E ratio of 49.21, a P/E/G ratio of 0.90 and a beta of 1.62. The business’s 50 day moving average is $66.43 and its 200-day moving average is $70.90. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.96.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data 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). The company had revenue of $263.70 million during the quarter, compared to the consensus estimate of $268.55 million. Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. Equities analysts anticipate that Shift4 Payments, Inc. will post 3.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. DA Davidson reiterated a “buy” rating and issued a $96.00 price objective on shares of Shift4 Payments in a research note on Wednesday, May 15th. Benchmark reiterated a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a research note on Friday, May 10th. Mizuho dropped their price objective on Shift4 Payments from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $94.00 price objective on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Finally, Wedbush started coverage on Shift4 Payments in a research note on Friday, May 24th. They issued a “neutral” rating and a $75.00 price objective on the stock. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.67.

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.