15,310 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Acquired by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,310 shares of the company’s stock, valued at approximately $1,589,000.

Several other large investors have also recently added to or reduced their stakes in the business. Wasatch Advisors LP increased its stake in Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after buying an additional 1,980,940 shares during the period. Jennison Associates LLC increased its stake in Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after buying an additional 242,179 shares during the period. Westfield Capital Management Co. LP increased its stake in Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after buying an additional 12,804 shares during the period. Geode Capital Management LLC increased its stake in Shift4 Payments by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock worth $93,797,000 after buying an additional 53,610 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in Shift4 Payments by 41.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after buying an additional 145,444 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Trading Up 1.9 %

Shares of Shift4 Payments stock opened at $96.84 on Tuesday. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The company has a market capitalization of $8.73 billion, a P/E ratio of 31.54, a PEG ratio of 1.04 and a beta of 1.72. The company’s fifty day moving average is $110.60 and its two-hundred day moving average is $98.34.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The business had revenue of $405.00 million for the quarter, compared to the consensus estimate 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 year.

Insider Activity

In related news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Taylor Lauber sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the sale, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock valued at $1,211,364 over the last quarter. Corporate insiders own 30.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FOUR. Royal Bank of Canada raised their price objective on shares of Shift4 Payments from $116.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Oppenheimer reduced their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Piper Sandler restated an “overweight” rating and issued a $143.00 price objective (up from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Morgan Stanley raised their price objective on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Finally, Susquehanna raised their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and an average target price of $113.95.

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.