Vestor Capital LLC Acquires Shares of 61,491 Shift4 Payments, Inc. (NYSE:FOUR)

Vestor Capital LLC acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR) during the fourth quarter, HoldingsChannel reports. The fund acquired 61,491 shares of the company’s stock, valued at approximately $6,382,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in Shift4 Payments in the 4th quarter valued at $26,000. Rakuten Securities Inc. grew its holdings in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after buying an additional 157 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments in the 4th quarter valued at $28,000. UMB Bank n.a. acquired a new position in Shift4 Payments in the 4th quarter valued at $29,000. Finally, Valley National Advisers Inc. acquired a new position in Shift4 Payments in the 4th quarter valued at $31,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FOUR has been the topic of a number of research reports. DA Davidson decreased their price objective on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 target price for the company. Morgan Stanley cut their target price on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Keefe, Bruyette & Woods upped their target price on Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company cut their target price on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.30.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $88.69 on Friday. 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 company has a market capitalization of $7.90 billion, a PE ratio of 28.89, a P/E/G 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 stock has a 50-day moving average price of $105.25 and a two-hundred day moving average price of $99.56.

Shift4 Payments (NYSE:FOUR) last posted its 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 firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the 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 completion of the sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction dated Thursday, March 6th. The shares were 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. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,695 shares of company stock worth $1,097,380. 30.57% of the stock is currently owned by insiders.

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.