King Luther Capital Management Corp Acquires 4,642 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

King Luther Capital Management Corp lifted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,280 shares of the company’s stock after purchasing an additional 4,642 shares during the period. King Luther Capital Management Corp’s holdings in Shift4 Payments were worth $5,322,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FOUR. Brown Brothers Harriman & Co. boosted its holdings in shares of Shift4 Payments by 41.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after buying an additional 145,444 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Shift4 Payments by 26.6% in the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after purchasing an additional 7,905 shares during the period. Jennison Associates LLC increased its stake in Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Moody National Bank Trust Division raised its holdings in shares of Shift4 Payments by 86.5% during the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock valued at $1,645,000 after purchasing an additional 7,349 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in shares of Shift4 Payments during the 4th quarter worth about $812,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Activity

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 30.57% of the company’s stock.

Analysts Set New Price Targets

FOUR has been the subject of a number of research analyst reports. Barclays decreased their target price on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Wells Fargo & Company decreased their price objective on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. The Goldman Sachs Group increased their target price on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Raymond James upgraded shares of Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price target for the company in a research note on Monday. Finally, Oppenheimer lowered their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $115.30.

Shift4 Payments Stock Up 1.7 %

FOUR stock opened at $90.36 on Thursday. 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 $8.05 billion, a P/E ratio of 29.43, a P/E/G ratio of 1.04 and a beta of 1.76. The stock’s fifty day simple moving average is $108.08 and its two-hundred day simple moving average is $99.45. 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 issued its quarterly earnings results 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 company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Analysts expect 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.