Handelsbanken Fonder AB Boosts Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Handelsbanken Fonder AB lifted its position in Shift4 Payments, Inc. (NYSE:FOUR) by 17.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,700 shares of the company’s stock after purchasing 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 and other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $26,000. Transcendent Capital Group LLC bought a new stake in Shift4 Payments during the third quarter worth about $27,000. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments during the fourth quarter worth about $28,000. UMB Bank n.a. purchased a new position in Shift4 Payments in the fourth quarter worth about $29,000. Finally, Valley National Advisers Inc. purchased a new position in Shift4 Payments in the fourth quarter worth about $31,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares in the company, valued at $21,991,309.12. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now owns 37,089 shares of the company’s stock, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock valued at $1,211,364 in the last 90 days. 30.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

FOUR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective for the company. Susquehanna upped their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group upped their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Wells Fargo & Company upped their target price on shares of Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Stephens reaffirmed an “overweight” rating and set a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $113.95.

Shift4 Payments Stock Performance

Shares of FOUR opened at $96.27 on Wednesday. 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 firm has a market cap of $8.67 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. The company’s 50 day simple moving average is $110.45 and its 200-day simple moving average is $98.51. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $127.50.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, February 18th. The company reported $1.22 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 company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. As a group, equities analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Shift4 Payments Company 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.