Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. boosted its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 38.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,297 shares of the company’s stock after buying an additional 10,585 shares during the period. EFG Asset Management North America Corp.’s holdings in Shift4 Payments were worth $3,980,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FOUR. Wasatch Advisors LP lifted its stake in shares of Shift4 Payments by 50.8% in the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after acquiring an additional 1,980,940 shares during the period. Vanguard Group Inc. lifted its position in Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock worth $678,668,000 after purchasing an additional 562,774 shares during the period. Rice Hall James & Associates LLC boosted its stake in Shift4 Payments by 799.9% during the 4th quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company’s stock valued at $23,977,000 after purchasing an additional 205,361 shares in the last quarter. Maestria Partners LLC acquired a new position in shares of Shift4 Payments during the 4th quarter valued at $19,614,000. Finally, Principal Financial Group Inc. raised its stake in shares of Shift4 Payments by 2,954.7% in the 4th quarter. Principal Financial Group Inc. now owns 158,998 shares of the company’s stock worth $16,501,000 after buying an additional 153,793 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Raymond James raised Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 target price on the stock in a report on Monday, March 10th. 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 research note on Monday, February 24th. Oppenheimer cut their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Morgan Stanley decreased their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Finally, Benchmark downgraded Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Seven 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.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.30.

Shift4 Payments Trading Down 0.4 %

Shift4 Payments stock opened at $88.19 on Tuesday. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The stock has a market cap of $7.86 billion, a P/E ratio of 28.73, a P/E/G ratio of 1.04 and a beta of 1.76. The company’s fifty day simple moving average is $104.97 and its 200-day simple moving average is $99.93.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating 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 the consensus estimate of $1 billion. As a group, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the transaction, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,695 shares of company stock worth $1,097,380. Insiders own 30.57% of the company’s stock.

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.