Xponance Inc. Buys 5,268 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Xponance Inc. increased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 69.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,863 shares of the company’s stock after acquiring an additional 5,268 shares during the period. Xponance Inc.’s holdings in Shift4 Payments were worth $1,335,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FOUR. Swiss National Bank raised its position in Shift4 Payments by 1.5% in the 3rd quarter. Swiss National Bank now owns 109,000 shares of the company’s stock valued at $9,657,000 after purchasing an additional 1,600 shares during the last quarter. King Luther Capital Management Corp raised its position in Shift4 Payments by 54.5% in the 3rd 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in Shift4 Payments by 13.4% in the 3rd 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. Penserra Capital Management LLC raised its position in Shift4 Payments by 0.9% in the 3rd quarter. Penserra Capital Management LLC now owns 118,615 shares of the company’s stock valued at $10,508,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in Shift4 Payments by 0.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after purchasing an additional 12,804 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Up 1.4 %

NYSE:FOUR opened at $88.69 on Friday. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50. 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 stock has a market cap of $7.90 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 1.04 and a beta of 1.76. The stock has a 50-day moving average price of $105.25 and a two-hundred day moving average price of $99.70.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FOUR. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research report on Monday, February 3rd. They issued a “hold” rating and a $120.00 price objective for the company. Raymond James upgraded Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price objective for the company in a research report on Monday, March 10th. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. DA Davidson dropped their target price on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, Barclays dropped their target price on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Seven 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 stock. Based on data from MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and an average price target of $115.30.

Insider Buying and Selling at Shift4 Payments

In other news, 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 transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the transaction, the president now directly owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,695 shares of company stock valued at $1,097,380. Company insiders own 30.57% of the company’s stock.

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.