Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 26.6% in the 3rd quarter, Holdings Channel reports. The firm owned 37,580 shares of the company’s stock after buying an additional 7,905 shares during the period. Oppenheimer & Co. Inc.’s holdings in Shift4 Payments were worth $3,330,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Waldron Private Wealth LLC acquired a new position in shares of Shift4 Payments in the 3rd quarter valued at $25,000. Transcendent Capital Group LLC acquired a new position in shares of Shift4 Payments in the third quarter worth about $27,000. Toth Financial Advisory Corp purchased a new position in shares of Shift4 Payments in the third quarter worth approximately $32,000. Financial Management Professionals Inc. purchased a new position in shares of Shift4 Payments in the third quarter worth approximately $56,000. Finally, Quarry LP acquired a new stake in shares of Shift4 Payments during the second quarter valued at approximately $60,000. 98.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the transaction, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The trade was a 5.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Trading Down 1.8 %

Shift4 Payments stock opened at $96.97 on Friday. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $106.31. The company’s fifty day moving average price is $90.75 and its two-hundred day moving average price is $77.62. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 1.18 and a beta of 1.64. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 1.34.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 EPS for the quarter, meeting analysts’ consensus estimates of $0.91. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. The business had revenue of $365.10 million for the quarter, compared to analyst estimates of $369.07 million. On average, analysts forecast that Shift4 Payments, Inc. will post 3.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on FOUR. Morgan Stanley lifted their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Benchmark reiterated a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a report on Thursday, September 5th. Piper Sandler increased their price objective on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday. William Blair started coverage on Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating on the stock. Finally, Barclays assumed coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and an average price target of $100.15.

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.