Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by Intellectus Partners LLC

Intellectus Partners LLC lifted its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 15.1% in the 3rd quarter, Holdings Channel reports. The firm owned 16,750 shares of the company’s stock after purchasing an additional 2,200 shares during the quarter. Intellectus Partners LLC’s holdings in Shift4 Payments were worth $1,484,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Shift4 Payments during the 1st quarter valued at approximately $205,000. Swiss National Bank boosted its position in Shift4 Payments by 0.9% during the first quarter. Swiss National Bank now owns 101,000 shares of the company’s stock worth $6,673,000 after purchasing an additional 900 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in Shift4 Payments during the first quarter worth $391,000. Forge First Asset Management Inc. purchased a new position in shares of Shift4 Payments in the first quarter valued at $1,242,000. Finally, Westfield Capital Management Co. LP raised its stake in shares of Shift4 Payments by 72.8% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock worth $88,088,000 after buying an additional 561,707 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. The trade was a 5.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Shift4 Payments Stock Down 2.5 %

Shares of Shift4 Payments stock opened at $98.86 on Friday. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $106.31. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 53.73, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. The company has a current ratio of 2.98, a quick ratio of 1.34 and a debt-to-equity ratio of 2.71. The company has a fifty day moving average price of $90.32 and a 200 day moving average price of $77.37.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91. The company had revenue of $365.10 million during the quarter, compared to the consensus estimate of $369.07 million. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FOUR has been the topic of a number of research reports. Stephens increased their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Piper Sandler increased their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday. B. Riley lifted their price objective on Shift4 Payments from $104.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. DA Davidson upped their target price on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Oppenheimer assumed coverage on Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target for the company. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $100.15.

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.