Scotia Capital Inc. Purchases Shares of 4,300 Shift4 Payments, Inc. (NYSE:FOUR)

Scotia Capital Inc. purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR – Get Rating) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,300 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Durable Capital Partners LP boosted its stake in shares of Shift4 Payments by 34.8% during the 3rd quarter. Durable Capital Partners LP now owns 4,274,558 shares of the company’s stock worth $190,688,000 after acquiring an additional 1,103,925 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Shift4 Payments by 210.1% during the 4th quarter. Victory Capital Management Inc. now owns 500,202 shares of the company’s stock worth $28,022,000 after acquiring an additional 338,911 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Shift4 Payments by 16.2% during the 4th quarter. Jennison Associates LLC now owns 2,262,079 shares of the company’s stock worth $126,518,000 after acquiring an additional 314,734 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Shift4 Payments by 950.2% during the 4th quarter. First Trust Advisors LP now owns 334,693 shares of the company’s stock worth $18,720,000 after acquiring an additional 302,823 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Shift4 Payments by 21.1% during the 1st quarter. Clearbridge Investments LLC now owns 1,571,296 shares of the company’s stock worth $97,310,000 after acquiring an additional 274,182 shares in the last quarter. 66.89% of the stock is owned by institutional investors.

Shift4 Payments Price Performance

Shares of NYSE:FOUR opened at $65.23 on Monday. The company has a current ratio of 3.71, a quick ratio of 3.69 and a debt-to-equity ratio of 3.31. Shift4 Payments, Inc. has a 1 year low of $29.39 and a 1 year high of $76.40. The business has a fifty day simple moving average of $67.30 and a 200 day simple moving average of $60.08. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 44.99, a P/E/G ratio of 1.09 and a beta of 1.24.

Shift4 Payments (NYSE:FOUR – Get Rating) last posted its earnings results on Tuesday, February 28th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Shift4 Payments had a return on equity of 18.30% and a net margin of 4.55%. The company had revenue of $199.40 million for the quarter, compared to analyst estimates of $201.86 million. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post 1.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FOUR. Royal Bank of Canada raised their target price on Shift4 Payments from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 1st. Sumitomo Mitsui Financial Group raised Shift4 Payments from a “neutral” rating to an “outperform” rating and set a $85.00 target price for the company in a research report on Tuesday, April 11th. The Goldman Sachs Group raised their target price on Shift4 Payments from $77.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, April 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Shift4 Payments in a research report on Friday, April 21st. Finally, Credit Suisse Group raised their target price on Shift4 Payments from $60.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 1st. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $76.92.

Insider Transactions at Shift4 Payments

In related news, insider Jordan Frankel sold 7,000 shares of Shift4 Payments stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $71.05, for a total transaction of $497,350.00. Following the sale, the insider now directly owns 267,753 shares of the company’s stock, valued at $19,023,850.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Nancy Disman sold 1,500 shares of Shift4 Payments stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $71.65, for a total transaction of $107,475.00. Following the sale, the chief financial officer now directly owns 375,165 shares of the company’s stock, valued at $26,880,572.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jordan Frankel sold 7,000 shares of Shift4 Payments stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $71.05, for a total value of $497,350.00. Following the sale, the insider now directly owns 267,753 shares in the company, valued at $19,023,850.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,500 shares of company stock worth $674,825. Company insiders own 36.59% of the company’s stock.

Shift4 Payments Company Profile

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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.