Thrivent Financial for Lutherans Buys Shares of 16,156 Shift4 Payments, Inc. (NYSE:FOUR)

Thrivent Financial for Lutherans purchased a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,156 shares of the company’s stock, valued at approximately $1,677,000.

Other large investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments in the fourth quarter valued at about $26,000. Rakuten Securities Inc. boosted its stake in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments during the 4th quarter valued at approximately $28,000. UMB Bank n.a. acquired a new position in Shift4 Payments during the 4th quarter worth approximately $29,000. Finally, Valley National Advisers Inc. acquired a new stake in Shift4 Payments in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FOUR shares. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Morgan Stanley lowered their target price on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Barclays cut their price target 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. Raymond James raised Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price objective for the company in a research note on Monday, March 10th. Finally, Oppenheimer reduced their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average price target of $115.30.

Insider Activity at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments 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 completion of the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated 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 owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 in the last three months. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Price Performance

Shares of FOUR opened at $84.50 on Friday. The firm has a market cap of $7.53 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The business’s 50 day moving average price is $103.34 and its two-hundred day moving average price is $100.05.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1 billion. On average, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

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.