Morse Asset Management Inc Invests $36,000 in Shift4 Payments, Inc. (NYSE:FOUR)

Morse Asset Management Inc purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 350 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at about $26,000. Rakuten Securities Inc. increased its holdings in shares of Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after acquiring an additional 157 shares in the last quarter. UMB Bank n.a. acquired a new position in shares of Shift4 Payments during the fourth quarter worth approximately $29,000. Valley National Advisers Inc. bought a new position in shares of Shift4 Payments in the 4th quarter worth $31,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Shift4 Payments in the 4th quarter worth $42,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Up 2.2%

FOUR opened at $92.07 on Wednesday. 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 one year low of $57.45 and a one year high of $127.50. The firm has a market capitalization of $8.16 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The company has a fifty day moving average price of $82.80 and a 200-day moving average price of $97.89.

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

Analysts Set New Price Targets

FOUR has been the topic of a number of recent research reports. Stephens reaffirmed an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. Oppenheimer lowered their price objective on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Piper Sandler lowered their price target on Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. BTIG Research cut their price objective on shares of Shift4 Payments from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Raymond James lowered their target price on shares of Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating for the company in a report on Friday, April 4th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.25.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments 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 directly owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. This trade represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the business’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 completion of the sale, the president now owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. The trade was a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock valued at $1,097,380 over the last three months. 25.15% of the stock is owned by corporate insiders.

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.