Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by Marshall Wace LLP

Marshall Wace LLP lifted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 2,682.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,626 shares of the company’s stock after buying an additional 143,285 shares during the period. Marshall Wace LLP owned approximately 0.16% of Shift4 Payments worth $15,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Moody National Bank Trust Division raised its position in Shift4 Payments by 86.5% in 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. State of Alaska Department of Revenue purchased a new position in Shift4 Payments during the 4th quarter valued at about $812,000. Lebenthal Global Advisors LLC purchased a new stake in Shift4 Payments during the 4th quarter worth approximately $328,000. Crossmark Global Holdings Inc. purchased a new stake in Shift4 Payments during the 4th quarter worth about $358,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Shift4 Payments in the 3rd quarter valued at $448,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analyst Ratings Changes

FOUR has been the topic of a number of research reports. Piper Sandler lowered their target price on shares of Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. DA Davidson dropped their price objective on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 24th. BTIG Research reduced their target price on Shift4 Payments from $135.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods lowered their price target on shares of Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating on the stock in a research note on Monday, March 31st. Finally, Barclays cut their price target on shares of Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.05.

Shift4 Payments Price Performance

FOUR stock opened at $76.67 on Monday. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The stock’s fifty day simple moving average is $89.81 and its 200-day simple moving average is $99.20. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating 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 company had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. Equities research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insiders Place Their Bets

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated 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 transaction, the president now directly owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 value of $849,800.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock worth $1,097,380 over the last ninety days. 30.57% of the stock is owned by company insiders.

Shift4 Payments 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.