Freestone Grove Partners LP Purchases Shares of 6,086 Shift4 Payments, Inc. (NYSE:FOUR)

Freestone Grove Partners LP acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 6,086 shares of the company’s stock, valued at approximately $632,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Triumph Capital Management increased its position in shares of Shift4 Payments by 3.2% during the 4th quarter. Triumph Capital Management now owns 4,360 shares of the company’s stock worth $452,000 after purchasing an additional 137 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Shift4 Payments during the fourth quarter worth about $5,486,000. Northern Trust Corp increased its holdings in shares of Shift4 Payments by 84.4% during the fourth quarter. Northern Trust Corp now owns 520,990 shares of the company’s stock worth $54,068,000 after buying an additional 238,478 shares in the last quarter. Quarry LP acquired a new stake in shares of Shift4 Payments during the fourth quarter worth approximately $54,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Shift4 Payments in the fourth quarter valued at approximately $92,000. 98.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on FOUR. William Blair reaffirmed an “outperform” rating on shares of Shift4 Payments in a report on Wednesday. Royal Bank of Canada lowered their target price on Shift4 Payments from $154.00 to $127.00 and set an “outperform” rating for the company in a research note on Wednesday. Benchmark upgraded shares of Shift4 Payments from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Evercore ISI started coverage on shares of Shift4 Payments in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $80.00 price objective for the company. Finally, DA Davidson dropped their target price 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. Six equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and an average target price of $112.38.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the firm’s 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 directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Thursday, March 6th. The shares were 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 in the company, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock valued at $1,097,380 over the last three months. 30.57% of the stock is currently owned by corporate insiders.

Shift4 Payments Price Performance

Shares of FOUR opened at $82.13 on Friday. The stock has a market cap of $7.32 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 1 year low of $56.10 and a 1 year high of $127.50. The stock’s 50-day moving average price is $84.08 and its two-hundred day moving average price is $98.29. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same quarter last year, the firm earned $0.54 EPS. Shift4 Payments’s quarterly revenue was up 39.7% compared to the same quarter last year. On average, equities analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current 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.