AssuredPartners Investment Advisors LLC Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

AssuredPartners Investment Advisors LLC bought a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 5,163 shares of the company’s stock, valued at approximately $536,000.

A number of other large investors have also recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments in the fourth quarter worth about $26,000. Rakuten Securities Inc. lifted its stake in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $28,000. UMB Bank n.a. purchased a new stake in Shift4 Payments in the fourth quarter worth $29,000. Finally, Valley National Advisers Inc. bought a new position in Shift4 Payments in the fourth quarter worth $31,000. Institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

FOUR has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Stephens reaffirmed an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 19th. Barclays dropped their price target on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a report on Monday, February 3rd. They issued a “hold” rating and a $120.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.30.

Insider Buying and Selling

In other news, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares of the company’s stock, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the business’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 transaction, the president now owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is owned by insiders.

Shift4 Payments Price Performance

Shares of FOUR opened at $86.59 on Friday. The firm has a market cap of $7.72 billion, a PE ratio of 28.21, a P/E/G ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50. 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 fifty day simple moving average of $103.93 and a two-hundred day simple moving average of $99.82.

Shift4 Payments (NYSE:FOUR) last posted its earnings results 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 company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. On average, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

About Shift4 Payments

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.