Rhumbline Advisers Boosts Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Rhumbline Advisers raised its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 155.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,795 shares of the company’s stock after buying an additional 113,193 shares during the period. Rhumbline Advisers owned about 0.21% of Shift4 Payments worth $19,282,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FOUR. CWM LLC raised its stake in shares of Shift4 Payments by 95.8% during the third quarter. CWM LLC now owns 2,214 shares of the company’s stock valued at $196,000 after acquiring an additional 1,083 shares during the last quarter. Creative Planning bought a new position in shares of Shift4 Payments during the third quarter valued at about $293,000. Allspring Global Investments Holdings LLC raised its stake in Shift4 Payments by 245.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company’s stock worth $14,294,000 after buying an additional 114,659 shares in the last quarter. Waldron Private Wealth LLC bought a new position in Shift4 Payments in the third quarter worth about $25,000. Finally, International Assets Investment Management LLC raised its stake in Shift4 Payments by 10,217.7% in the third quarter. International Assets Investment Management LLC now owns 160,543 shares of the company’s stock worth $14,224,000 after buying an additional 158,987 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the sale, the insider now directly owns 210,045 shares of the company’s stock, valued at $23,884,216.95. The trade was a 2.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $98.79 on Friday. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The company has a market capitalization of $8.90 billion, a P/E ratio of 32.18, a P/E/G ratio of 1.32 and a beta of 1.72. The company’s 50-day simple moving average is $110.87 and its two-hundred day simple moving average is $97.43. 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 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 29.38%. The business had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. As a group, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analyst Ratings Changes

FOUR has been the subject of a number of research reports. DA Davidson increased their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Susquehanna increased their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods increased their price target on shares of Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target for the company. Finally, Royal Bank of Canada increased their price target on shares of Shift4 Payments from $116.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $114.19.

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.