Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 356.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,000 shares of the company’s stock after acquiring an additional 67,140 shares during the period. Corient Private Wealth LLC owned 0.10% of Shift4 Payments worth $8,925,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FOUR. Wasatch Advisors LP increased its stake in Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after buying an additional 12,804 shares during the last quarter. Geode Capital Management LLC raised its stake in Shift4 Payments by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock worth $93,797,000 after acquiring an additional 53,610 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after acquiring an additional 145,444 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Shift4 Payments by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 459,623 shares of the company’s stock valued at $47,700,000 after acquiring an additional 31,927 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Stock Down 0.9 %

Shift4 Payments stock opened at $87.45 on Friday. The firm has a 50 day moving average price of $105.57 and a two-hundred day moving average price of $99.52. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.04 and a beta of 1.76.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. DA Davidson cut their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective for the company. Keefe, Bruyette & Woods raised their target price on Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Piper Sandler reiterated an “overweight” rating and set a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and a consensus price target of $115.30.

Insider Buying and Selling at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the transaction, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now directly owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 over the last three months. 30.57% of the stock is currently owned by insiders.

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.