Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 45.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,272 shares of the company’s stock after buying an additional 714 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Shift4 Payments were worth $236,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of Shift4 Payments during the fourth quarter worth about $26,000. Central Pacific Bank Trust Division acquired a new stake in shares of Shift4 Payments during the fourth quarter worth about $28,000. UMB Bank n.a. acquired a new stake in shares of Shift4 Payments during the fourth quarter worth about $29,000. Valley National Advisers Inc. acquired a new stake in shares of Shift4 Payments during the fourth quarter worth about $31,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Shift4 Payments during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Royal Bank of Canada restated an “outperform” rating and issued a $154.00 price objective on shares of Shift4 Payments in a research report on Tuesday, March 4th. Barclays reduced their price objective on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Piper Sandler restated an “overweight” rating and issued a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company reduced their price objective on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and a consensus target price of $115.30.

Shift4 Payments Trading Up 0.1 %

Shares of FOUR opened at $84.34 on Monday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The firm has a 50 day simple moving average of $107.10 and a 200-day simple moving average of $99.63. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data 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. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. Equities analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 30.57% of the stock is owned by corporate insiders.

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.