Smithfield Trust Co Invests $40,000 in Shift4 Payments, Inc. (NYSE:FOUR)

Smithfield Trust Co purchased a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 400 shares of the company’s stock, valued at approximately $40,000.

Other large investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in Shift4 Payments during the fourth quarter valued at $26,000. Transcendent Capital Group LLC bought a new stake in Shift4 Payments during the third quarter valued at $27,000. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments during the fourth quarter valued at $28,000. UMB Bank n.a. bought a new stake in Shift4 Payments during the fourth quarter valued at $29,000. Finally, Valley National Advisers Inc. bought a new stake in Shift4 Payments during the fourth quarter valued at $31,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Up 0.9 %

Shares of NYSE:FOUR opened at $94.48 on Thursday. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50. The company has a market cap of $8.42 billion, a PE ratio of 30.77, a P/E/G ratio of 1.04 and a beta of 1.76. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The stock’s 50-day moving average is $109.61 and its 200 day moving average is $99.11.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insiders Place Their Bets

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the transaction, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 30.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Morgan Stanley dropped their price objective on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Wells Fargo & Company dropped their price target on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday. Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Finally, Stephens reaffirmed an “overweight” rating and set a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

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.