56,100 Shares in Shift4 Payments, Inc. $FOUR Acquired by Lbp Am Sa

Lbp Am Sa acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 56,100 shares of the company’s stock, valued at approximately $4,342,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of Shift4 Payments by 410.9% in the second quarter. Allworth Financial LP now owns 281 shares of the company’s stock worth $28,000 after purchasing an additional 226 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Shift4 Payments by 100.0% during the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after buying an additional 217 shares during the period. Blue Trust Inc. raised its position in shares of Shift4 Payments by 5,423.1% during the third quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $56,000 after purchasing an additional 705 shares during the period. Farther Finance Advisors LLC raised its holdings in Shift4 Payments by 441.6% during the third quarter. Farther Finance Advisors LLC now owns 1,159 shares of the company’s stock worth $90,000 after buying an additional 945 shares during the last quarter. Finally, Bayforest Capital Ltd increased its holdings in Shift4 Payments by 955.5% during the 3rd quarter. Bayforest Capital Ltd now owns 1,161 shares of the company’s stock worth $90,000 after purchasing an additional 1,051 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial set a $71.00 target price on Shift4 Payments in a report on Tuesday, January 20th. The Goldman Sachs Group cut their price target on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating for the company in a report on Friday, November 7th. Susquehanna lowered their target price on shares of Shift4 Payments from $115.00 to $101.00 and set a “positive” rating on the stock in a research note on Thursday, January 8th. UBS Group cut their price target on shares of Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $90.00 target price on shares of Shift4 Payments in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average price target of $92.25.

Insider Activity at Shift4 Payments

In other news, insider James J. Whalen sold 1,438 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $71.50, for a total transaction of $102,817.00. Following the completion of the transaction, the insider directly owned 54,736 shares of the company’s stock, valued at $3,913,624. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nancy Disman sold 5,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $69.50, for a total transaction of $347,500.00. Following the completion of the sale, the director owned 130,420 shares of the company’s stock, valued at $9,064,190. This trade represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 18,438 shares of company stock worth $1,278,317. Company insiders own 25.15% of the company’s stock.

Shift4 Payments Trading Down 4.2%

NYSE:FOUR opened at $61.48 on Wednesday. The company has a 50 day simple moving average of $66.40 and a two-hundred day simple moving average of $78.28. The company has a market cap of $5.45 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 0.55 and a beta of 1.66. Shift4 Payments, Inc. has a 12 month low of $61.08 and a 12 month high of $127.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.27.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The business’s revenue for the quarter was up 61.4% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. Research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.