Shift4 Payments, Inc. (NYSE:FOUR) Holdings Lifted by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 17.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,700 shares of the company’s stock after buying an additional 2,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Shift4 Payments were worth $1,629,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in shares of Shift4 Payments during the 4th quarter valued at $42,000. Rice Hall James & Associates LLC lifted its stake in shares of Shift4 Payments by 799.9% in the 4th quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company’s stock valued at $23,977,000 after purchasing an additional 205,361 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Shift4 Payments by 2,954.7% in the 4th quarter. Principal Financial Group Inc. now owns 158,998 shares of the company’s stock worth $16,501,000 after acquiring an additional 153,793 shares during the period. WBH Advisory Inc. bought a new position in Shift4 Payments in the 4th quarter worth $211,000. Finally, Rhumbline Advisers raised its holdings in Shift4 Payments by 155.9% in the 4th quarter. Rhumbline Advisers now owns 185,795 shares of the company’s stock worth $19,282,000 after acquiring an additional 113,193 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FOUR. Susquehanna boosted their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Barclays reduced their price target on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday. Piper Sandler reiterated an “overweight” rating and set a $143.00 target price (up from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. The Goldman Sachs Group boosted their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their target price for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average target price of $113.95.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $96.27 on Wednesday. The firm has a 50-day moving average of $110.45 and a 200-day moving average of $98.51. The company has a market cap of $8.67 billion, a P/E ratio of 31.36, a P/E/G ratio of 1.04 and a beta of 1.72. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million during 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%. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In other news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the sale, the insider now directly owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. This represents a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is currently owned by corporate insiders.

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.