Sheaff Brock Investment Advisors LLC Purchases 1,300 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Sheaff Brock Investment Advisors LLC boosted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 23.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,940 shares of the company’s stock after purchasing an additional 1,300 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Shift4 Payments were worth $615,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in FOUR. Envestnet Portfolio Solutions Inc. bought a new position in shares of Shift4 Payments during the first quarter valued at approximately $205,000. Swiss National Bank lifted 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 valued at $6,673,000 after acquiring an additional 900 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of Shift4 Payments in the first quarter worth $391,000. Orion Capital Management LLC purchased a new position in shares of Shift4 Payments in the first quarter worth $319,000. Finally, Bessemer Group Inc. raised its holdings in shares of Shift4 Payments by 7.1% in the first quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock worth $14,465,000 after buying an additional 14,438 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

FOUR has been the subject of a number of research analyst reports. William Blair initiated coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They issued an “outperform” rating for the company. DA Davidson raised their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley raised their price target on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Susquehanna increased their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, Stephens increased their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $100.15.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $96.97 on Friday. The company’s 50-day moving average price is $90.75 and its 200-day moving average price is $77.62. 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 market cap of $8.59 billion, a P/E ratio of 52.70, a P/E/G ratio of 1.18 and a beta of 1.64. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $106.31.

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

Shift4 Payments Company 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.