Granite Investment Partners LLC Has $4.41 Million Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Granite Investment Partners LLC grew its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 6.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 42,444 shares of the company’s stock after buying an additional 2,554 shares during the quarter. Granite Investment Partners LLC’s holdings in Shift4 Payments were worth $4,405,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after acquiring an additional 562,774 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Shift4 Payments by 41.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock worth $127,689,000 after buying an additional 350,703 shares during the period. Rice Hall James & Associates LLC grew its holdings in shares of Shift4 Payments by 799.9% during the fourth quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company’s stock worth $23,977,000 after buying an additional 205,361 shares in the last quarter. Maestria Partners LLC acquired a new stake in Shift4 Payments in the 4th quarter valued at approximately $19,614,000. Finally, Principal Financial Group Inc. lifted its stake in Shift4 Payments by 2,954.7% in the 4th quarter. Principal Financial Group Inc. now owns 158,998 shares of the company’s stock valued at $16,501,000 after acquiring an additional 153,793 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FOUR. DA Davidson lowered their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Oppenheimer cut their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Keefe, Bruyette & Woods decreased their price objective on Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating for the company in a report on Monday, March 31st. Barclays dropped their target price on Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Finally, Evercore ISI initiated coverage on Shift4 Payments in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $80.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $109.24.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the 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 transaction, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the transaction, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. 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 in the last ninety days. 30.57% of the stock is currently owned by corporate insiders.

Shift4 Payments Stock Down 1.1 %

Shares of FOUR opened at $77.98 on Monday. The firm has a market cap of $6.95 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $127.50. The firm’s 50-day simple moving average is $94.13 and its 200 day simple moving average is $99.61.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data 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 company had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. On average, analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Shift4 Payments 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.