Parallel Advisors LLC Increases Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Parallel Advisors LLC grew its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 97.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,321 shares of the company’s stock after purchasing an additional 1,641 shares during the quarter. Parallel Advisors LLC’s holdings in Shift4 Payments were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Wasatch Advisors LP lifted its position in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after acquiring an additional 1,980,940 shares during the last quarter. Westfield Capital Management Co. LP increased its position in shares of Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after purchasing an additional 12,804 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Shift4 Payments by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock valued at $93,797,000 after purchasing an additional 53,610 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Shift4 Payments by 41.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after purchasing an additional 145,444 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Shift4 Payments by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 459,623 shares of the company’s stock worth $47,700,000 after buying an additional 31,927 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $88.69 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50. The firm has a market capitalization of $7.90 billion, a P/E ratio of 28.89, a PEG ratio of 1.04 and a beta of 1.76. The company’s fifty day moving average is $105.25 and its two-hundred day moving average is $99.56.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 EPS 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 firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. The trade was a 5.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 in the last quarter. Company insiders own 30.57% of the company’s stock.

Analyst Ratings Changes

FOUR has been the subject of several research analyst reports. DA Davidson decreased their price objective on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. B. Riley raised their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a “hold” rating and a $120.00 target price for the company. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $154.00 price objective on shares of Shift4 Payments in a research note on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.