Black Swift Group LLC Sells 24,500 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Black Swift Group LLC lowered its position in Shift4 Payments, Inc. (NYSE:FOUR) by 50.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,250 shares of the company’s stock after selling 24,500 shares during the quarter. Black Swift Group LLC’s holdings in Shift4 Payments were worth $2,517,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FOUR. Heck Capital Advisors LLC acquired a new stake in shares of Shift4 Payments during the 4th quarter valued at about $26,000. Transcendent Capital Group LLC purchased a new position in Shift4 Payments in the 3rd quarter worth approximately $27,000. Central Pacific Bank Trust Division purchased a new position in Shift4 Payments in the 4th quarter worth approximately $28,000. UMB Bank n.a. purchased a new position in Shift4 Payments in the 4th quarter worth approximately $29,000. Finally, Valley National Advisers Inc. purchased a new stake in shares of Shift4 Payments during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on FOUR. Keefe, Bruyette & Woods boosted their price target on shares of Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a “hold” rating and a $120.00 target price for the company. Benchmark cut shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a research note on Tuesday. Finally, B. Riley increased their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

FOUR stock opened at $94.48 on Thursday. The stock has a market capitalization of $8.42 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The stock’s 50 day simple moving average is $109.61 and its 200 day simple moving average is $99.11.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping 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 business had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. As a group, research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Shift4 Payments Company 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.