Bradley Foster & Sargent Inc. CT Grows Position in Shift4 Payments, Inc. (NYSE:FOUR)

Bradley Foster & Sargent Inc. CT boosted its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 1,033.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,791 shares of the company’s stock after acquiring an additional 42,662 shares during the period. Bradley Foster & Sargent Inc. CT owned 0.05% of Shift4 Payments worth $4,856,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Heck Capital Advisors LLC bought a new position in shares of Shift4 Payments during the 4th quarter valued at about $26,000. Central Pacific Bank Trust Division purchased a new stake in shares of Shift4 Payments in the fourth quarter worth about $28,000. UMB Bank n.a. bought a new position in Shift4 Payments during the fourth quarter valued at approximately $29,000. Waldron Private Wealth LLC bought a new position in Shift4 Payments during the third quarter valued at approximately $25,000. Finally, Transcendent Capital Group LLC purchased a new position in Shift4 Payments during the 3rd quarter valued at approximately $27,000. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $94.95 on Friday. The stock has a 50 day moving average price of $110.73 and a 200 day moving average price of $97.66. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The firm has a market capitalization of $8.55 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.09 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The business had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.38% and a net margin of 6.89%. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 in the last 90 days. 30.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada upped their price target on shares of Shift4 Payments from $116.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday. Stephens reissued an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a “hold” rating and a $120.00 target price on the stock. Finally, Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price target for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average target price of $114.19.

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.