1 week Ago By ABMN Staff
Prudential Financial Inc. lifted its stake in Shift4 Payments, Inc. ( NYSE:FOUR – Free Report ) by 10.
8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,995 shares of the company’s stock after acquiring an additional 292 shares during the quarter. Prudential Financial Inc.
’s holdings in Shift4 Payments were worth $291,000 at the end of the most recent reporting period. A number of other hedge funds have also recently made changes to their positions in FOUR. Asset Management One Co.
Ltd. lifted its stake in Shift4 Payments by 14.6% during the fourth quarter.
Asset Management One Co. Ltd. now owns 775 shares of the company’s stock worth $81,000 after purchasing an additional 99 shares in the last quarter.
Perigon Wealth Management LLC lifted its stake in Shift4 Payments by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock worth $419,000 after acquiring an additional 133 shares in the last quarter.
MRP Capital Investments LLC boosted its holdings in Shift4 Payments by 5.9% during the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company’s stock valued at $280,000 after acquiring an additional 150 shares during the period.
Rakuten Securities Inc. grew its position in 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 acquiring an additional 157 shares in the last quarter. Finally, Blue Trust Inc.
increased its stake in Shift4 Payments by 67.3% during the fourth quarter. Blue Trust Inc.
now owns 425 shares of the company’s stock worth $44,000 after purchasing an additional 171 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.
Wall Street Analyst Weigh In Several research analysts have recently commented on the stock. DA Davidson lowered their price objective on shares of Shift4 Payments from $140.00 to $124.
00 and set a “buy” rating for the company in a research note on Monday, February 24th. Evercore ISI began coverage on shares of Shift4 Payments in a research report on Wednesday. They issued an “in-line” rating and a $80.
00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $154.00 price objective on shares of Shift4 Payments in a research report on Tuesday, March 4th.
Wells Fargo & Company decreased their target price on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th.
Finally, Morgan Stanley cut their price target on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th.
Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.19.
Insider Transactions at Shift4 Payments In other news, President David Taylor Lauber sold 2,500 shares of the 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 transaction, the president now directly owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20.
This represents a 0.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 transaction of $849,800.
00. Following the sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56.
The trade was a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold 12,695 shares of company stock worth $1,097,380 over the last 90 days. 30.57% of the stock is currently owned by insiders.
Shift4 Payments Stock Down 5.4 % Shares of NYSE:FOUR opened at $78.83 on Friday.
Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.
50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.
38 and a quick ratio of 2.97. The stock has a market cap of $7.
02 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.04 and a beta of 1.
80. The firm has a fifty day moving average price of $94.94 and a 200 day moving average price of $99.
57. Shift4 Payments ( NYSE:FOUR – Get Free Report ) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.
22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06.
The firm had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a return on equity of 29.
00% and a net margin of 6.89%. Sell-side analysts predict that Shift4 Payments, Inc.
will post 3.7 EPS for the current year. Shift4 Payments Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding FOUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shift4 Payments, Inc.
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