Prospera Financial Services Inc acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,707 shares of the company’s stock, valued at approximately $375,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of FOUR. PNC Financial Services Group Inc. grew its position in Shift4 Payments by 26.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,563 shares of the company’s stock worth $903,000 after acquiring an additional 3,090 shares during the last quarter. MetLife Investment Management LLC bought a new stake in Shift4 Payments during the 1st quarter worth $172,000. Great West Life Assurance Co. Can grew its position in Shift4 Payments by 21.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,319 shares of the company’s stock worth $153,000 after acquiring an additional 405 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Shift4 Payments by 61.2% in the 1st quarter. Allianz Asset Management GmbH now owns 222,080 shares of the company’s stock valued at $13,753,000 after buying an additional 84,283 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in shares of Shift4 Payments by 338.1% in the 1st quarter. Baird Financial Group Inc. now owns 31,524 shares of the company’s stock valued at $1,952,000 after buying an additional 24,329 shares during the last quarter. Institutional investors own 66.89% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Sumitomo Mitsui Financial Group upgraded Shift4 Payments from a “neutral” rating to an “outperform” rating and set a $85.00 price target on the stock in a research report on Tuesday, April 11th. Credit Suisse Group upped their price target on Shift4 Payments from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, March 1st. Citigroup upped their price target on Shift4 Payments from $73.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, March 2nd. Truist Financial upped their price target on Shift4 Payments from $80.00 to $87.00 in a research report on Thursday, March 16th. Finally, Stephens raised Shift4 Payments from an “equal weight” rating to an “overweight” rating and set a $80.00 price objective on the stock in a research note on Thursday, April 20th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and an average price target of $76.92.
Shift4 Payments Stock Down 0.5 %
Shift4 Payments (NYSE:FOUR – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The firm had revenue of $199.40 million during the quarter, compared to the consensus estimate of $201.86 million. Shift4 Payments had a return on equity of 19.91% and a net margin of 4.55%. On average, research analysts expect that Shift4 Payments, Inc. will post 1.83 earnings per share for the current fiscal year.
Insider Transactions at Shift4 Payments
In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $70.00, for a total value of $70,000.00. Following the completion of the sale, the director now directly owns 5,720 shares of the company’s stock, valued at $400,400. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $70.00, for a total value of $70,000.00. Following the completion of the transaction, the director now directly owns 5,720 shares of the company’s stock, valued at $400,400. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $71.65, for a total value of $107,475.00. Following the completion of the transaction, the chief financial officer now directly owns 375,165 shares of the company’s stock, valued at $26,880,572.25. The disclosure for this sale can be found here. Insiders sold a total of 9,500 shares of company stock valued at $674,825 over the last ninety days. 36.59% of the stock is currently owned by 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.
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