International Assets Investment Management LLC Has $8.59 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

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

Other hedge funds have also added to or reduced their stakes in the company. Belpointe Asset Management LLC raised its holdings in Shift4 Payments by 358.6% in the 1st quarter. Belpointe Asset Management LLC now owns 454 shares of the company’s stock valued at $34,000 after acquiring an additional 355 shares in the last quarter. Fortis Capital Advisors LLC raised its holdings in Shift4 Payments by 1,873.9% in the 1st quarter. Fortis Capital Advisors LLC now owns 454 shares of the company’s stock valued at $34,000 after acquiring an additional 431 shares in the last quarter. Quarry LP acquired a new position in Shift4 Payments in the 1st quarter valued at $40,000. State of Wyoming acquired a new position in Shift4 Payments in the 4th quarter valued at $36,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Shift4 Payments in the 3rd quarter valued at $35,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider David Taylor Lauber sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total transaction 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 document filed with the SEC, which can be accessed through this link. 32.14% of the stock is owned by company insiders.

Shift4 Payments Stock Down 4.1 %

Shares of NYSE:FOUR opened at $63.98 on Friday. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 45.06, a P/E/G ratio of 1.05 and a beta of 1.57. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.64 and a quick ratio of 1.63. The business’s 50-day moving average is $74.16 and its 200-day moving average is $67.22. Shift4 Payments, Inc. has a 1 year low of $42.91 and a 1 year high of $92.30.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The business 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%. Equities research analysts predict that Shift4 Payments, Inc. will post 2.86 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on FOUR shares. Keefe, Bruyette & Woods started coverage on Shift4 Payments in a report on Tuesday, January 16th. They issued an “outperform” rating and a $95.00 price objective for the company. Raymond James lifted their price target on Shift4 Payments from $75.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 20th. Benchmark reiterated a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a research note on Tuesday, March 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $94.00 price target on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $93.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.