Securian Asset Management Inc. Buys Shares of 5,190 Shift4 Payments, Inc. (NYSE:FOUR)

Securian Asset Management Inc. bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the 4th quarter, Holdings Channel reports. The fund bought 5,190 shares of the company’s stock, valued at approximately $539,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FOUR. Brown Brothers Harriman & Co. boosted its holdings in Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after buying an additional 145,444 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after acquiring an additional 242,179 shares in the last quarter. Moody National Bank Trust Division boosted its stake in shares of Shift4 Payments by 86.5% during the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock worth $1,645,000 after acquiring an additional 7,349 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Shift4 Payments in the 4th quarter valued at approximately $812,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Shift4 Payments in the 3rd quarter valued at approximately $7,875,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, the president now owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 in the last ninety days. Company insiders own 30.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FOUR. Raymond James raised Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 target price on the stock in a report on Monday, March 10th. Benchmark cut shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods lifted 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 report on Thursday, February 20th. Wells Fargo & Company lowered their price target on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Finally, 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 price objective for the company. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.30.

Shift4 Payments Stock Up 3.2 %

Shares of NYSE:FOUR opened at $87.22 on Tuesday. 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 firm has a market cap of $7.77 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 1.04 and a beta of 1.76. The stock’s 50-day moving average price is $106.72 and its two-hundred day moving average price is $99.66. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $127.50.

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