Parallel Advisors LLC Boosts Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Parallel Advisors LLC grew its position in Shift4 Payments, Inc. (NYSE:FOUR) by 97.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,321 shares of the company’s stock after acquiring an additional 1,641 shares during the quarter. Parallel Advisors LLC’s holdings in Shift4 Payments were worth $345,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Atria Investments Inc acquired a new position in Shift4 Payments during the third quarter worth about $385,000. Swiss National Bank boosted its holdings in shares of Shift4 Payments by 1.5% during the 3rd quarter. Swiss National Bank now owns 109,000 shares of the company’s stock worth $9,657,000 after purchasing an additional 1,600 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Shift4 Payments by 31.9% during the 3rd quarter. Avior Wealth Management LLC now owns 4,675 shares of the company’s stock worth $414,000 after purchasing an additional 1,130 shares during the last quarter. King Luther Capital Management Corp grew its position in shares of Shift4 Payments by 54.5% in the third quarter. King Luther Capital Management Corp now owns 46,638 shares of the company’s stock valued at $4,132,000 after purchasing an additional 16,460 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Shift4 Payments by 13.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 427,696 shares of the company’s stock valued at $37,894,000 after purchasing an additional 50,664 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now directly owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. 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. Company insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Up 1.4 %

Shares of FOUR opened at $88.69 on Friday. The company’s 50-day simple moving average is $105.25 and its 200-day simple moving average is $99.56. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50. The stock 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 (NYSE:FOUR) last released its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FOUR has been the subject of several analyst reports. Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their target price for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Stephens reissued an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 19th. Oppenheimer reduced their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Raymond James raised shares of Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price target for the company in a research note on Monday, March 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $115.30.

About Shift4 Payments

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.