CIBC Private Wealth Group LLC Boosts Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

CIBC Private Wealth Group LLC grew its position in Shift4 Payments, Inc. (NYSE:FOUR) by 41.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,198,845 shares of the company’s stock after acquiring an additional 350,703 shares during the quarter. CIBC Private Wealth Group LLC owned about 1.33% of Shift4 Payments worth $127,689,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FOUR. Brown Brothers Harriman & Co. grew its holdings in Shift4 Payments by 16.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company’s stock valued at $59,318,000 after purchasing an additional 78,728 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Shift4 Payments by 20.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,265 shares of the company’s stock valued at $858,000 after buying an additional 1,425 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Shift4 Payments by 1,396.4% in the fourth quarter. Blair William & Co. IL now owns 122,748 shares of the company’s stock worth $12,739,000 after buying an additional 114,545 shares during the period. AssuredPartners Investment Advisors LLC bought a new stake in shares of Shift4 Payments during the 4th quarter worth approximately $536,000. Finally, EFG Asset Management North America Corp. boosted its holdings in Shift4 Payments by 38.2% during the 4th quarter. EFG Asset Management North America Corp. now owns 38,297 shares of the company’s stock valued at $3,980,000 after acquiring an additional 10,585 shares during the period. Institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FOUR shares. Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target on the stock. DA Davidson lowered their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a research note on Tuesday, March 4th. Finally, Morgan Stanley lowered their price target on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Seven investment 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.30.

Insider Activity at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 177,622 shares of the company’s stock, valued at $15,094,317.56. This represents a 5.33 % 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 valued at $1,097,380 in the last ninety days. Company insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Down 2.3 %

Shift4 Payments stock opened at $84.50 on Friday. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50. The business has a fifty day moving average price of $103.34 and a 200-day moving average price of $100.05. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.04 and a beta of 1.76.

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 the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal 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.