EdgeRock Capital LLC Lowers Position in Shift4 Payments, Inc. (NYSE:FOUR)

EdgeRock Capital LLC decreased its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,616 shares of the company’s stock after selling 592 shares during the quarter. Shift4 Payments makes up 0.6% of EdgeRock Capital LLC’s portfolio, making the stock its 18th biggest holding. EdgeRock Capital LLC’s holdings in Shift4 Payments were worth $806,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Xponance Inc. grew its position in shares of Shift4 Payments by 4.2% during the third quarter. Xponance Inc. now owns 7,904 shares of the company’s stock worth $438,000 after purchasing an additional 322 shares in the last quarter. Strs Ohio grew its stake in Shift4 Payments by 22.6% during the third quarter. Strs Ohio now owns 12,703 shares of the company’s stock valued at $703,000 after acquiring an additional 2,338 shares in the last quarter. Deepwater Asset Management LLC increased its holdings in Shift4 Payments by 190.8% in the 3rd quarter. Deepwater Asset Management LLC now owns 194,061 shares of the company’s stock valued at $10,745,000 after acquiring an additional 127,329 shares during the last quarter. Emerald Advisers LLC lifted its stake in Shift4 Payments by 4.0% in the 3rd quarter. Emerald Advisers LLC now owns 503,498 shares of the company’s stock worth $27,879,000 after purchasing an additional 19,487 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Shift4 Payments by 0.5% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 401,235 shares of the company’s stock valued at $22,216,000 after purchasing an additional 1,841 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on FOUR. Keefe, Bruyette & Woods assumed coverage on Shift4 Payments in a research note on Tuesday, January 16th. They set an “outperform” rating and a $95.00 price target for the company. Morgan Stanley increased their price objective on shares of Shift4 Payments from $60.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group reduced their target price on shares of Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $94.00 price target on shares of Shift4 Payments in a report on Wednesday, April 3rd. Finally, Piper Sandler reissued an “overweight” rating and set a $93.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.95.

Shift4 Payments Stock Down 0.6 %

Shares of Shift4 Payments stock traded down $0.38 during trading on Tuesday, hitting $59.64. 1,161,570 shares of the stock traded hands, compared to its average volume of 1,379,131. Shift4 Payments, Inc. has a 52-week low of $42.91 and a 52-week high of $92.30. The stock’s fifty day simple moving average is $69.23 and its 200 day simple moving average is $68.12. The firm has a market cap of $5.14 billion, a P/E ratio of 42.00, a price-to-earnings-growth ratio of 0.94 and a beta of 1.59. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). The business had revenue of $269.30 million during the quarter, compared to analysts’ expectations of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. On average, equities analysts predict that Shift4 Payments, Inc. will post 2.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the completion of the sale, the insider now directly owns 243,880 shares of the company’s stock, valued at $19,546,982. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 32.14% of the stock is currently owned by company 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.