Securian Asset Management Inc. Takes $539,000 Position in Shift4 Payments, Inc. (NYSE:FOUR)

Securian Asset Management Inc. bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,190 shares of the company’s stock, valued at approximately $539,000.

Several other large investors have also made changes to their positions in the business. Truvestments Capital LLC lifted its stake in shares of Shift4 Payments by 5.2% in the 4th quarter. Truvestments Capital LLC now owns 3,967 shares of the company’s stock valued at $412,000 after purchasing an additional 196 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Shift4 Payments by 45.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,272 shares of the company’s stock valued at $236,000 after purchasing an additional 714 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Shift4 Payments in the 4th quarter worth about $255,000. HighTower Advisors LLC boosted its stake in shares of Shift4 Payments by 25.9% in the fourth quarter. HighTower Advisors LLC now owns 6,303 shares of the company’s stock worth $654,000 after acquiring an additional 1,295 shares during the last quarter. Finally, King Luther Capital Management Corp grew its holdings in shares of Shift4 Payments by 10.0% during the fourth quarter. King Luther Capital Management Corp now owns 51,280 shares of the company’s stock worth $5,322,000 after buying an additional 4,642 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Stock Performance

Shares of FOUR opened at $87.22 on Tuesday. The company’s 50 day simple moving average is $106.72 and its 200-day simple moving average is $99.66. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $127.50. The firm has a market cap of $7.77 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data 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 net margin of 6.89% and a return on equity of 29.00%. The company had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. As a group, equities analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the firm’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 sale, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents 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. Also, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock valued at $1,097,380 in the last ninety days. Insiders own 30.57% of the company’s stock.

Wall Street Analysts Forecast Growth

FOUR has been the subject of several recent research reports. Stephens reaffirmed an “overweight” rating and issued a $125.00 price target on shares of Shift4 Payments in a report on Wednesday, February 19th. Piper Sandler reaffirmed an “overweight” rating and issued a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 price target for the company. Morgan Stanley decreased their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Finally, Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.30.

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.