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

EverSource Wealth Advisors LLC lifted its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 45.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,272 shares of the company’s stock after purchasing an additional 714 shares during the period. EverSource Wealth Advisors LLC’s holdings in Shift4 Payments were worth $236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. lifted its holdings in Shift4 Payments by 14.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company’s stock valued at $81,000 after acquiring an additional 99 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in Shift4 Payments by 3.5% in the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock valued at $419,000 after acquiring an additional 133 shares during the last quarter. Blue Trust Inc. lifted its holdings in Shift4 Payments by 67.3% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $44,000 after acquiring an additional 171 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Shift4 Payments in the fourth quarter valued at approximately $26,000. Finally, Central Pacific Bank Trust Division acquired a new position in Shift4 Payments in the fourth quarter valued at approximately $28,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $84.34 on Monday. The firm has a market capitalization of $7.51 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The business’s fifty day moving average price is $107.10 and its 200 day moving average price is $99.63. 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 12 month low of $55.87 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. On average, sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction 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 transaction, the president now owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 30.57% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Stephens restated an “overweight” rating and set a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their price target on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. B. Riley upped their price target on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 price target on the stock. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.30.

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.