Handelsbanken Fonder AB Purchases 1,800 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Handelsbanken Fonder AB raised its position in Shift4 Payments, Inc. (NYSE:FOUR) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,700 shares of the company’s stock after purchasing an additional 1,800 shares during the period. Handelsbanken Fonder AB’s holdings in Shift4 Payments were worth $721,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. C M Bidwell & Associates Ltd. acquired a new position in shares of Shift4 Payments in the 3rd quarter valued at $35,000. Nemes Rush Group LLC bought a new position in Shift4 Payments during the third quarter worth about $79,000. Covestor Ltd grew its stake in Shift4 Payments by 49,166.7% in the third quarter. Covestor Ltd now owns 1,478 shares of the company’s stock valued at $82,000 after acquiring an additional 1,475 shares during the period. HMS Capital Management LLC bought a new stake in shares of Shift4 Payments in the fourth quarter worth about $240,000. Finally, Inspirion Wealth Advisors LLC acquired a new stake in shares of Shift4 Payments during the fourth quarter worth about $260,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider David Taylor Lauber sold 15,000 shares of Shift4 Payments stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the completion of the transaction, the insider now owns 243,880 shares in the company, valued at $19,546,982. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 32.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on FOUR. Morgan Stanley boosted their price objective on Shift4 Payments from $60.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 28th. Evercore ISI reduced their price target on shares of Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. DA Davidson restated a “buy” rating and set a $96.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 28th. Redburn Atlantic raised shares of Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 target price for the company in a research note on Friday, April 19th. Finally, Piper Sandler reiterated an “overweight” rating and set a $93.00 target price on shares of Shift4 Payments in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.95.

Shift4 Payments Trading Up 1.1 %

Shares of Shift4 Payments stock opened at $59.75 on Tuesday. Shift4 Payments, Inc. has a 12-month low of $42.91 and a 12-month high of $92.30. 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 business’s 50 day moving average is $70.76 and its 200-day moving average is $67.88. The stock has a market cap of $5.15 billion, a P/E ratio of 42.07, a P/E/G ratio of 0.93 and a beta of 1.57.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). The firm had revenue of $269.30 million for 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%. Equities research analysts predict that Shift4 Payments, Inc. will post 2.84 earnings per share for the current fiscal year.

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.