Shift4 Payments, Inc. (NYSE:FOUR) Shares Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. increased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 153.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 259 shares of the company’s stock after acquiring an additional 157 shares during the quarter. Rakuten Securities Inc.’s holdings in Shift4 Payments were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Securian Asset Management Inc. acquired a new position in shares of Shift4 Payments during the 4th quarter valued at about $539,000. Truvestments Capital LLC lifted its position in Shift4 Payments by 5.2% in the fourth quarter. Truvestments Capital LLC now owns 3,967 shares of the company’s stock valued at $412,000 after buying an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Shift4 Payments by 45.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,272 shares of the company’s stock valued at $236,000 after buying an additional 714 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Shift4 Payments in the fourth quarter valued at about $255,000. Finally, HighTower Advisors LLC lifted its position in Shift4 Payments by 25.9% in the fourth quarter. HighTower Advisors LLC now owns 6,303 shares of the company’s stock valued at $654,000 after buying an additional 1,295 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on FOUR. The Goldman Sachs Group upped their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Keefe, Bruyette & Woods upped their target price on shares of Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Oppenheimer cut their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Stephens reiterated an “overweight” rating and set a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. Finally, Barclays cut their price target on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.30.

Insider Buying and Selling at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.57% of the stock is currently owned by insiders.

Shift4 Payments Stock Down 6.8 %

FOUR stock opened at $84.23 on Friday. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. 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 company’s 50 day moving average price is $107.60 and its 200 day moving average price is $99.34.

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