International Assets Investment Management LLC Acquires 114,031 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

International Assets Investment Management LLC grew its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 7,637.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,524 shares of the company’s stock after acquiring an additional 114,031 shares during the period. International Assets Investment Management LLC owned 0.14% of Shift4 Payments worth $8,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FOUR. Clearbridge Investments LLC grew its stake in Shift4 Payments by 8.0% in the third quarter. Clearbridge Investments LLC now owns 2,025,558 shares of the company’s stock valued at $112,155,000 after purchasing an additional 149,783 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in Shift4 Payments by 2.8% during the third quarter. Westfield Capital Management Co. LP now owns 693,578 shares of the company’s stock worth $38,403,000 after buying an additional 18,803 shares during the last quarter. Emerald Advisers LLC raised its position in Shift4 Payments by 4.0% during the third quarter. Emerald Advisers LLC now owns 503,498 shares of the company’s stock worth $27,879,000 after acquiring an additional 19,487 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in Shift4 Payments by 0.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 401,235 shares of the company’s stock valued at $22,216,000 after acquiring an additional 1,841 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its position in shares of Shift4 Payments by 27.6% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 349,506 shares of the company’s stock valued at $19,352,000 after acquiring an additional 75,493 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analyst Ratings Changes

FOUR has been the topic of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a report on Tuesday, March 19th. Redburn Atlantic raised Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price objective for the company in a research report on Friday, April 19th. Royal Bank of Canada reissued an “outperform” rating and set a $94.00 target price on shares of Shift4 Payments in a report on Wednesday, April 3rd. Morgan Stanley increased their price target on Shift4 Payments from $60.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 28th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $93.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus price target of $84.95.

Insider Buying and Selling

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total value of $1,202,250.00. Following the transaction, the insider now directly owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 32.14% of the stock is currently owned by company insiders.

Shift4 Payments Stock Up 1.1 %

NYSE FOUR opened at $60.03 on Tuesday. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 0.94 and a beta of 1.59. Shift4 Payments, Inc. has a 1-year low of $42.91 and a 1-year high of $92.30. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The company has a 50 day moving average of $69.48 and a 200-day moving average of $68.07.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). The company had revenue of $269.30 million during the quarter, compared to analyst estimates of $278.85 million. Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. On average, equities research analysts expect that Shift4 Payments, Inc. will post 2.84 earnings per share for the current fiscal year.

About Shift4 Payments

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.