Edgestream Partners L.P. Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Edgestream Partners L.P. acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,076 shares of the company’s stock, valued at approximately $1,980,000.

A number of other large investors have also modified their holdings of FOUR. Creative Planning acquired a new position in shares of Shift4 Payments in the third quarter worth about $293,000. QRG Capital Management Inc. raised its position in shares of Shift4 Payments by 10.7% during the 3rd quarter. QRG Capital Management Inc. now owns 5,188 shares of the company’s stock worth $460,000 after purchasing an additional 500 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of Shift4 Payments by 7.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock worth $303,000 after purchasing an additional 243 shares during the last quarter. Atria Investments Inc acquired a new position in shares of Shift4 Payments during the 3rd quarter worth about $385,000. Finally, Covestor Ltd raised its position in shares of Shift4 Payments by 68.4% during the 3rd quarter. Covestor Ltd now owns 2,730 shares of the company’s stock worth $242,000 after purchasing an additional 1,109 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analyst Ratings Changes

FOUR has been the subject of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a research report on Tuesday, March 4th. Piper Sandler restated an “overweight” rating and set a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Barclays reduced their price target on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Oppenheimer dropped their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average price target of $114.00.

Insiders Place Their Bets

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

Shift4 Payments Stock Performance

NYSE:FOUR opened at $89.87 on Monday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The stock has a market capitalization of $8.01 billion, a P/E ratio of 29.27, a PEG ratio of 1.04 and a beta of 1.76. The company has a 50 day moving average price of $108.96 and a 200 day moving average price of $99.38. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

About Shift4 Payments

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.