400 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Acquired by Smithfield Trust Co

Smithfield Trust Co purchased a new position in Shift4 Payments, Inc. (NYSE:FOUR) during the 4th quarter, Holdings Channel.com reports. The firm purchased 400 shares of the company’s stock, valued at approximately $40,000.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments during the 4th quarter valued at $26,000. Central Pacific Bank Trust Division purchased a new stake in Shift4 Payments during the 4th quarter valued at $28,000. UMB Bank n.a. purchased a new stake in Shift4 Payments during the 4th quarter valued at $29,000. Transcendent Capital Group LLC purchased a new stake in Shift4 Payments during the 3rd quarter valued at $27,000. Finally, Valley National Advisers Inc. purchased a new stake in Shift4 Payments during the 4th quarter valued at $31,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now owns 222,112 shares in the company, valued at $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 30.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FOUR has been the topic of several recent analyst reports. DA Davidson cut their target price on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. B. Riley increased their target price on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Susquehanna raised their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research note on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $154.00 price target on shares of Shift4 Payments in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $114.00.

Shift4 Payments Trading Up 0.9 %

Shares of Shift4 Payments stock opened at $94.48 on Thursday. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The business has a 50-day moving average price of $109.61 and a 200-day moving average price of $99.11.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS 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.