Sequoia Financial Advisors LLC Buys New Shares in Shift4 Payments, Inc. (NYSE:FOUR)

Sequoia Financial Advisors LLC purchased a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,214 shares of the company’s stock, valued at approximately $685,000.

Several other institutional investors have also added to or reduced their stakes in the business. Durable Capital Partners LP grew its holdings in shares of Shift4 Payments by 52.0% in the first quarter. Durable Capital Partners LP now owns 2,305,940 shares of the company’s stock worth $142,807,000 after purchasing an additional 789,002 shares during the last quarter. Summit Partners Public Asset Management LLC grew its holdings in Shift4 Payments by 4,010.4% in the 4th quarter. Summit Partners Public Asset Management LLC now owns 534,355 shares of the company’s stock worth $29,886,000 after acquiring an additional 521,355 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Shift4 Payments by 2,278.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 541,681 shares of the company’s stock valued at $41,060,000 after acquiring an additional 518,909 shares during the period. Two Sigma Investments LP raised its stake in shares of Shift4 Payments by 2,370.1% during the first quarter. Two Sigma Investments LP now owns 494,546 shares of the company’s stock valued at $37,487,000 after acquiring an additional 474,525 shares during the last quarter. Finally, Sylebra Capital Ltd purchased a new stake in shares of Shift4 Payments during the first quarter worth about $30,325,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FOUR. Evercore ISI reduced their price target on Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. The Goldman Sachs Group decreased their target price on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating for the company in a report on Monday. UBS Group increased their price target on shares of Shift4 Payments from $75.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Wells Fargo & Company lifted their price objective on Shift4 Payments from $60.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Benchmark reissued a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.52.

Shift4 Payments Trading Down 3.3 %

NYSE:FOUR opened at $61.90 on Tuesday. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 43.59, a PEG ratio of 1.01 and a beta of 1.57. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 2.02. The company’s 50 day moving average price is $73.92 and its 200-day moving average price is $67.36. Shift4 Payments, Inc. has a 52 week low of $42.91 and a 52 week high of $92.30.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The business had revenue of $269.30 million during the quarter, compared to the consensus estimate of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. On average, equities research analysts forecast that Shift4 Payments, Inc. will post 2.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider David Taylor Lauber sold 15,000 shares of the firm’s 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 sale, the insider now owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 32.14% of the stock is 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.