International Assets Investment Management LLC Increases Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

International Assets Investment Management LLC boosted its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 7,637.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 115,524 shares of the company’s stock after acquiring an additional 114,031 shares during the quarter. International Assets Investment Management LLC’s holdings in Shift4 Payments were worth $8,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. raised its stake in shares of Shift4 Payments by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 6,726 shares of the company’s stock valued at $372,000 after purchasing an additional 233 shares during the period. Nomura Holdings Inc. boosted its position in shares of Shift4 Payments by 3.7% during the 3rd quarter. Nomura Holdings Inc. now owns 8,436 shares of the company’s stock valued at $467,000 after acquiring an additional 298 shares during the last quarter. Xponance Inc. grew its holdings in shares of Shift4 Payments by 4.2% during the third quarter. Xponance Inc. now owns 7,904 shares of the company’s stock worth $438,000 after purchasing an additional 322 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its holdings in shares of Shift4 Payments by 2.0% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 28,513 shares of the company’s stock worth $1,579,000 after buying an additional 551 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Shift4 Payments during the third quarter valued at about $35,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $60.03 on Tuesday. Shift4 Payments, Inc. has a 12 month low of $42.91 and a 12 month high of $92.30. The firm has a market capitalization of $5.17 billion, a P/E ratio of 42.27, a P/E/G ratio of 0.94 and a beta of 1.59. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The business has a fifty day simple moving average of $69.48 and a two-hundred day simple moving average of $68.07.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. The business had revenue of $269.30 million during the quarter, compared to analysts’ expectations of $278.85 million. On average, equities analysts forecast that Shift4 Payments, Inc. will post 2.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on FOUR. Royal Bank of Canada restated an “outperform” rating and set a $94.00 price target on shares of Shift4 Payments in a research report on Wednesday, April 3rd. The Goldman Sachs Group lowered their price objective on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Mizuho restated a “buy” rating and issued a $85.00 target price on shares of Shift4 Payments in a report on Wednesday, March 27th. Keefe, Bruyette & Woods initiated coverage on shares of Shift4 Payments in a report on Tuesday, January 16th. They set an “outperform” rating and a $95.00 price target for the company. Finally, Wells Fargo & Company increased their price target on shares of Shift4 Payments from $60.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus target price of $84.95.

Insider Buying and Selling

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of Shift4 Payments stock in a transaction on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 32.14% of the stock is currently owned by company insiders.

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.