Atria Investments Inc Purchases 800 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Atria Investments Inc lifted its position in Shift4 Payments, Inc. (NYSE:FOUR) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,140 shares of the company’s stock after acquiring an additional 800 shares during the quarter. Atria Investments Inc’s holdings in Shift4 Payments were worth $533,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its position in Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after buying an additional 145,444 shares during the period. Oppenheimer & Co. Inc. grew its position in Shift4 Payments by 26.6% during the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after buying an additional 7,905 shares during the period. Jennison Associates LLC grew its position in Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after buying an additional 242,179 shares during the period. Moody National Bank Trust Division grew its position in Shift4 Payments by 86.5% during the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock valued at $1,645,000 after buying an additional 7,349 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in Shift4 Payments during the fourth quarter valued at about $812,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Trading Up 0.1 %

Shares of FOUR opened at $84.34 on Friday. The firm’s 50 day simple moving average is $107.10 and its 200 day simple moving average is $99.49. The company has a market capitalization of $7.51 billion, a P/E ratio of 27.47, a P/E/G ratio of 1.04 and a beta of 1.76. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. Sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the transaction, the president now directly owns 264,856 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 30.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FOUR shares. Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and cut their target price for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. B. Riley increased their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Raymond James upgraded shares of Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 target price for the company in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 target price for the company. Finally, Stephens reiterated an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.30.

Shift4 Payments Company 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.