Prasad Wealth Partners LLC Acquires Shares of 15,310 Shift4 Payments, Inc. (NYSE:FOUR)

Prasad Wealth Partners LLC acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,310 shares of the company’s stock, valued at approximately $1,589,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FOUR. Heck Capital Advisors LLC purchased a new position in Shift4 Payments in the fourth quarter valued at $26,000. Transcendent Capital Group LLC purchased a new position in Shift4 Payments in the third quarter valued at $27,000. Central Pacific Bank Trust Division purchased a new position in Shift4 Payments in the fourth quarter valued at $28,000. UMB Bank n.a. purchased a new stake in shares of Shift4 Payments during the fourth quarter worth about $29,000. Finally, Valley National Advisers Inc. purchased a new stake in shares of Shift4 Payments during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their target price 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 research note on Monday, February 3rd. They set a “hold” rating and a $120.00 target price for the company. Piper Sandler reissued an “overweight” rating and set a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. B. Riley boosted their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Benchmark cut shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.95.

Insider Buying and Selling at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the sale, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock worth $1,211,364 in the last ninety days. 30.57% of the stock is owned by insiders.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $96.84 on Tuesday. 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 firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 1.04 and a beta of 1.72. The company’s 50-day moving average is $110.60 and its two-hundred day moving average is $98.34. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share 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%. Analysts forecast that Shift4 Payments, Inc. will post 3.7 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.