Bokf Na Buys 23,866 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Bokf Na grew its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 84.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,077 shares of the company’s stock after purchasing an additional 23,866 shares during the quarter. Bokf Na’s holdings in Shift4 Payments were worth $3,377,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FOUR. HMS Capital Management LLC boosted its position in Shift4 Payments by 5.4% during the 1st quarter. HMS Capital Management LLC now owns 3,410 shares of the company’s stock valued at $225,000 after acquiring an additional 175 shares in the last quarter. Lewis Asset Management LLC lifted its stake in shares of Shift4 Payments by 3.2% in the 1st quarter. Lewis Asset Management LLC now owns 5,585 shares of the company’s stock valued at $369,000 after purchasing an additional 175 shares during the period. J.Safra Asset Management Corp boosted its position in shares of Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after purchasing an additional 347 shares in the last quarter. Truist Financial Corp grew its stake in Shift4 Payments by 2.1% in the fourth quarter. Truist Financial Corp now owns 22,836 shares of the company’s stock worth $1,698,000 after purchasing an additional 466 shares during the period. Finally, Swiss National Bank raised its holdings in Shift4 Payments by 0.9% in the first quarter. Swiss National Bank now owns 101,000 shares of the company’s stock worth $6,673,000 after purchasing an additional 900 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Morgan Stanley cut their target price on Shift4 Payments from $70.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Friday, May 10th. Redburn Atlantic raised Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price target for the company in a research report on Friday, April 19th. Benchmark reissued a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a report on Wednesday, July 17th. Finally, Wells Fargo & Company decreased their price target on Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.22.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total transaction of $723,400.00. Following the completion of the sale, the chief financial officer now owns 274,954 shares of the company’s stock, valued at approximately $19,890,172.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jared Isaacman bought 39,135 shares of the stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of $64.04 per share, for a total transaction of $2,506,205.40. Following the completion of the purchase, the chief executive officer now directly owns 621,962 shares of the company’s stock, valued at $39,830,446.48. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total value of $723,400.00. Following the completion of the sale, the chief financial officer now owns 274,954 shares in the company, valued at approximately $19,890,172.36. The disclosure for this sale can be found here. 30.57% of the stock is owned by insiders.

Shift4 Payments Stock Down 0.8 %

FOUR stock traded down $0.53 during trading on Monday, hitting $69.00. 210,990 shares of the company’s stock traded hands, compared to its average volume of 1,359,376. The firm has a market capitalization of $6.04 billion, a P/E ratio of 46.66, a PEG ratio of 0.88 and a beta of 1.63. Shift4 Payments, Inc. has a 1 year low of $42.91 and a 1 year high of $92.30. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.96. The business has a fifty day simple moving average of $70.12 and a two-hundred day simple moving average of $70.61.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $263.70 million for the quarter, compared to analyst estimates of $268.55 million. Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. Sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.04 EPS for the current 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.