Sheaff Brock Investment Advisors LLC Acquires 1,300 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Sheaff Brock Investment Advisors LLC raised its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 23.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,940 shares of the company’s stock after acquiring an additional 1,300 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Shift4 Payments were worth $615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Clearbridge Investments LLC raised its holdings in Shift4 Payments by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after acquiring an additional 235,355 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after buying an additional 1,716,132 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Shift4 Payments by 21.7% in the first quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock worth $94,803,000 after buying an additional 255,741 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in Shift4 Payments by 6,185.0% in the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock valued at $80,358,000 after acquiring an additional 1,078,115 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Shift4 Payments by 35.3% in the second quarter. Dimensional Fund Advisors LP now owns 849,564 shares of the company’s stock valued at $62,315,000 after acquiring an additional 221,881 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on FOUR. Benchmark reissued a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. DA Davidson increased their target price on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group increased their target price on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday. Barclays began coverage on Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price on the stock. Finally, Piper Sandler raised their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average price target of $100.15.

Insiders Place Their Bets

In related news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 5.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Shift4 Payments Price Performance

FOUR stock opened at $96.97 on Friday. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 1.18 and a beta of 1.64. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.34 and a current ratio of 2.98. The firm has a 50 day moving average price of $90.75 and a 200-day moving average price of $77.62. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $106.31.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, meeting the consensus estimate of $0.91. The company had revenue of $365.10 million during the quarter, compared to the consensus estimate of $369.07 million. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.04 EPS for the current fiscal year.

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.