Oppenheimer & Co. Inc. Grows Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Oppenheimer & Co. Inc. grew its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 26.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,580 shares of the company’s stock after purchasing an additional 7,905 shares during the period. Oppenheimer & Co. Inc.’s holdings in Shift4 Payments were worth $3,330,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FOUR. Waldron Private Wealth LLC purchased a new stake in Shift4 Payments during the 3rd quarter worth $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments during the third quarter worth about $27,000. Toth Financial Advisory Corp acquired a new position in shares of Shift4 Payments in the third quarter worth about $32,000. Financial Management Professionals Inc. purchased a new position in Shift4 Payments in the third quarter valued at about $56,000. Finally, Quarry LP acquired a new stake in Shift4 Payments during the 2nd quarter valued at approximately $60,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Price Performance

NYSE FOUR opened at $96.97 on Friday. The company has a 50-day moving average price of $90.75 and a two-hundred day moving average price of $77.62. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $106.31. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 52.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. The company has a current ratio of 2.98, a quick ratio of 1.34 and a debt-to-equity ratio of 2.71.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. The business had revenue of $365.10 million during the quarter, compared to analyst estimates of $369.07 million. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. Analysts forecast that Shift4 Payments, Inc. will post 3.04 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Benchmark reiterated a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. The Goldman Sachs Group raised their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday. Barclays initiated coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price on the stock. DA Davidson lifted their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Susquehanna increased their target price on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $100.15.

Insider Activity

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

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.