Pinnacle Financial Partners Inc Takes Position in Shift4 Payments, Inc. (NYSE:FOUR)

Pinnacle Financial Partners Inc acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,981 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Creative Planning purchased a new stake in shares of Shift4 Payments during the 3rd quarter worth about $293,000. International Assets Investment Management LLC grew its holdings in shares of Shift4 Payments by 10,217.7% during the 3rd quarter. International Assets Investment Management LLC now owns 160,543 shares of the company’s stock worth $14,224,000 after purchasing an additional 158,987 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Shift4 Payments by 11,535.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,038 shares of the company’s stock worth $2,024,000 after purchasing an additional 22,840 shares during the period. Modera Wealth Management LLC purchased a new stake in shares of Shift4 Payments during the 3rd quarter worth about $392,000. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Shift4 Payments during the 3rd quarter worth about $56,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the 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 sale, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,462 shares of company stock valued at $1,211,364. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

FOUR stock opened at $94.95 on Monday. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The firm has a market cap of $8.55 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.04 and a beta of 1.72. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $127.50. The stock’s 50 day simple moving average is $110.73 and its 200 day simple moving average is $98.15.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on FOUR shares. B. Riley upped their price target on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods upped their price target on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Thursday. Susquehanna upped their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. The Goldman Sachs Group upped their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a report on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target for the company. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.19.

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.