Bradley Foster & Sargent Inc. CT Acquires 42,662 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Bradley Foster & Sargent Inc. CT raised its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 1,033.2% during the 4th quarter, Holdings Channel reports. The fund owned 46,791 shares of the company’s stock after purchasing an additional 42,662 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Shift4 Payments were worth $4,856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Shift4 Payments during the 4th quarter worth $208,000. Wolverine Asset Management LLC bought a new position in Shift4 Payments in the fourth quarter worth about $157,000. Handelsbanken Fonder AB lifted its position in shares of Shift4 Payments by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 15,700 shares of the company’s stock valued at $1,629,000 after buying an additional 2,300 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Shift4 Payments in the 4th quarter valued at about $42,000. Finally, Rice Hall James & Associates LLC boosted its holdings 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 buying an additional 205,361 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

Shares of NYSE FOUR opened at $94.95 on Friday. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 1.09 and a beta of 1.72. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a 50 day simple moving average of $110.73 and a two-hundred day simple moving average of $97.66. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

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. The company had revenue of $405.00 million during 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 29.38%. As a group, analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

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

Wall Street Analyst Weigh In

Several research firms recently commented on FOUR. DA Davidson boosted their price objective on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Oppenheimer reduced their price target on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods raised their price objective on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Thursday. Morgan Stanley upped their target price on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada increased their price target on Shift4 Payments from $116.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.19.

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.