Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 114.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,755 shares of the company’s stock after buying an additional 8,403 shares during the period. Commonwealth Equity Services LLC’s holdings in Shift4 Payments were worth $1,635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FOUR. Heck Capital Advisors LLC acquired a new position in Shift4 Payments in the 4th quarter valued at $26,000. Rakuten Securities Inc. increased its stake in shares of Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Shift4 Payments during the fourth quarter worth about $28,000. UMB Bank n.a. purchased a new position in Shift4 Payments during the fourth quarter worth about $29,000. Finally, Valley National Advisers Inc. acquired a new stake in Shift4 Payments in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Down 2.3 %

FOUR opened at $84.50 on Friday. The firm has a market cap of $7.53 billion, a P/E ratio of 27.53, a PEG ratio of 1.04 and a beta of 1.76. The business’s fifty day simple moving average is $103.34 and its 200 day simple moving average is $100.05. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $127.50. 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) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FOUR shares. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 target price for the company. DA Davidson reduced their target price on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. Raymond James upgraded shares of Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 target price on the stock in a research report on Monday, March 10th. Stephens reiterated an “overweight” rating and issued a $125.00 price target on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $115.30.

Insider Buying and Selling

In other news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares in the company, valued at $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. Over the last 90 days, insiders have sold 12,695 shares of company stock worth $1,097,380. 30.57% of the stock is owned by insiders.

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.