Cassaday & Co Wealth Management LLC Takes Position in Shift4 Payments, Inc. (NYSE:FOUR)

Cassaday & Co Wealth Management LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds have also recently bought and sold shares of the business. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments in the third quarter worth about $25,000. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments in the 4th quarter worth approximately $26,000. Transcendent Capital Group LLC acquired a new stake in Shift4 Payments in the 3rd quarter worth approximately $27,000. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments during the fourth quarter worth approximately $28,000. Finally, UMB Bank n.a. acquired a new position in Shift4 Payments during the fourth quarter valued at approximately $29,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $94.95 on Friday. The firm has a market capitalization of $8.55 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.09 and a beta of 1.72. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $127.50. The firm has a 50-day moving average price of $110.73 and a 200 day moving average price of $97.66.

Shift4 Payments (NYSE:FOUR) last issued its 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 business had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a return on equity of 29.38% and a net margin of 6.89%. Research analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of analyst reports. DA Davidson boosted their price objective on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Piper Sandler reissued an “overweight” rating and set a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday. The Goldman Sachs Group lifted their price objective on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective for the company. Finally, Susquehanna raised their target price on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus price target of $114.19.

Insiders Place Their Bets

In other news, insider David Taylor Lauber sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the transaction, the insider now directly owns 210,045 shares of the company’s stock, valued at $23,884,216.95. The trade was a 2.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 over the last three months. 30.57% of the stock is currently owned by corporate insiders.

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.