Black Swift Group LLC Reduces Position in Shift4 Payments, Inc. (NYSE:FOUR)

Black Swift Group LLC lessened its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 50.3% in the 4th quarter, Holdings Channel reports. The fund owned 24,250 shares of the company’s stock after selling 24,500 shares during the quarter. Black Swift Group LLC’s holdings in Shift4 Payments were worth $2,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments in the 4th quarter worth approximately $26,000. Central Pacific Bank Trust Division purchased a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $28,000. UMB Bank n.a. purchased a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter valued at $27,000. Finally, Valley National Advisers Inc. purchased a new position in shares of Shift4 Payments in the 4th quarter valued at $31,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were 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 approximately $21,991,309.12. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Trading Up 0.9 %

FOUR opened at $94.48 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $127.50. The firm’s fifty day moving average price is $109.61 and its 200 day moving average price is $99.11. The stock has a market capitalization of $8.42 billion, a PE ratio of 30.77, a P/E/G ratio of 1.04 and a beta of 1.76.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FOUR. The Goldman Sachs Group raised their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Susquehanna raised their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They set a “hold” rating and a $120.00 target price for the company. Wells Fargo & Company lowered their price target on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

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.