Proficio Capital Partners LLC Purchases Shares of 37,465 Shift4 Payments, Inc. (NYSE:FOUR)

Proficio Capital Partners LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 37,465 shares of the company’s stock, valued at approximately $37,000.

Several other institutional investors have also recently made changes to their positions in FOUR. Heck Capital Advisors LLC bought a new position in Shift4 Payments during the fourth quarter valued at $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $28,000. UMB Bank n.a. purchased a new position in shares of Shift4 Payments in the 4th quarter worth approximately $29,000. Valley National Advisers Inc. purchased a new stake in Shift4 Payments during the 4th quarter valued at $31,000. Finally, Smithfield Trust Co purchased a new position in Shift4 Payments during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $84.50 on Friday. The company has a 50-day simple moving average of $103.34 and a two-hundred day simple moving average of $99.88. The company has a market capitalization of $7.53 billion, a PE ratio of 27.53, 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 quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50.

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

Insider Activity at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the president now owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. This represents a 5.33 % 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 valued at $1,097,380 in the last ninety days. Company insiders own 30.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FOUR. Royal Bank of Canada reissued an “outperform” rating and issued a $154.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 4th. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and cut their price target for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Raymond James upgraded 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. Barclays cut their target price on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Finally, Piper Sandler reissued an “overweight” rating and set a $143.00 price target (up from $120.00) on shares of Shift4 Payments in a research note 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.30.

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.