King Luther Capital Management Corp Buys 4,642 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

King Luther Capital Management Corp raised its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,280 shares of the company’s stock after acquiring an additional 4,642 shares during the period. King Luther Capital Management Corp owned approximately 0.06% of Shift4 Payments worth $5,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FOUR. Heck Capital Advisors LLC bought a new stake in Shift4 Payments in the 4th quarter valued at $26,000. Central Pacific Bank Trust Division bought a new position in Shift4 Payments during the 4th quarter worth $28,000. UMB Bank n.a. acquired a new stake in shares of Shift4 Payments during the fourth quarter worth $29,000. Valley National Advisers Inc. bought a new stake in shares of Shift4 Payments in the fourth quarter valued at about $31,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Shift4 Payments in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Trading Up 1.7 %

NYSE FOUR opened at $90.36 on Thursday. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $127.50. The business’s fifty day moving average is $108.08 and its 200 day moving average is $99.45. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. As a group, sell-side analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 30.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FOUR has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group boosted their price target on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Stephens restated an “overweight” rating and set a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $154.00 target price on shares of Shift4 Payments in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company decreased their price target on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus price target of $115.30.

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.