Wolverine Asset Management LLC Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Wolverine Asset Management LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,517 shares of the company’s stock, valued at approximately $157,000.

A number of other large investors have also added to or reduced their stakes in FOUR. Creative Planning bought a new stake in Shift4 Payments in the 3rd quarter worth approximately $293,000. International Assets Investment Management LLC increased its stake in Shift4 Payments by 10,217.7% in the 3rd quarter. International Assets Investment Management LLC now owns 160,543 shares of the company’s stock worth $14,224,000 after acquiring an additional 158,987 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Shift4 Payments by 11,535.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,038 shares of the company’s stock worth $2,024,000 after acquiring an additional 22,840 shares during the last quarter. Modera Wealth Management LLC bought a new stake in Shift4 Payments in the 3rd quarter worth approximately $392,000. Finally, Financial Management Professionals Inc. bought a new stake in Shift4 Payments in the 3rd quarter worth approximately $56,000. Institutional investors own 98.87% of the company’s stock.

Insider Activity

In other news, insider James J. Whalen sold 1,462 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares in the company, 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. Over the last three months, insiders have sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Shift4 Payments Trading Up 1.9 %

Shares of NYSE:FOUR opened at $96.84 on Tuesday. The business’s 50-day moving average is $110.60 and its 200 day moving average is $98.34. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The firm has a market capitalization of $8.73 billion, a P/E ratio of 31.54, a P/E/G ratio of 1.04 and a beta of 1.72. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. On average, research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on FOUR. Keefe, Bruyette & Woods lifted their price objective on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Royal Bank of Canada boosted their target price on Shift4 Payments from $116.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their price objective on Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Barclays lowered their target price on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a report on Monday. Finally, Stephens reiterated an “overweight” rating and issued a $125.00 target price on shares of Shift4 Payments in a report on Wednesday, February 19th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $113.95.

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.