Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. grew its position in Shift4 Payments, Inc. (NYSE:FOUR) by 153.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 259 shares of the company’s stock after acquiring an additional 157 shares during the quarter. Rakuten Securities Inc.’s holdings in Shift4 Payments were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Securian Asset Management Inc. acquired a new stake in shares of Shift4 Payments during the fourth quarter worth $539,000. Truvestments Capital LLC lifted its holdings in shares of Shift4 Payments by 5.2% during the fourth quarter. Truvestments Capital LLC now owns 3,967 shares of the company’s stock worth $412,000 after purchasing an additional 196 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Shift4 Payments by 45.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,272 shares of the company’s stock worth $236,000 after purchasing an additional 714 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Shift4 Payments during the fourth quarter worth $255,000. Finally, HighTower Advisors LLC lifted its holdings in shares of Shift4 Payments by 25.9% during the fourth quarter. HighTower Advisors LLC now owns 6,303 shares of the company’s stock worth $654,000 after purchasing an additional 1,295 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FOUR has been the subject of several recent research reports. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Piper Sandler reaffirmed an “overweight” rating and set a $143.00 price target (up from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. DA Davidson decreased their price target on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $154.00 target price on shares of Shift4 Payments in a report on Tuesday, March 4th. Finally, Raymond James raised Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 target price for the company in a report on Monday. Seven 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.30.

Insiders Place Their Bets

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now directly owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 30.57% of the stock is owned by corporate insiders.

Shift4 Payments Trading Down 6.8 %

Shift4 Payments stock opened at $84.23 on Friday. The stock has a market cap of $7.50 billion, a PE ratio of 27.44, a P/E/G ratio of 1.04 and a beta of 1.76. The stock has a 50-day moving average price of $107.60 and a 200 day moving average price of $99.34. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last issued its quarterly 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. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Equities research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal 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.