Chung Wu Investment Group LLC Takes $330,000 Position in Shift4 Payments, Inc. (NYSE:FOUR)

Chung Wu Investment Group LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,180 shares of the company’s stock, valued at approximately $330,000.

Several other institutional investors have also bought and sold shares of FOUR. Creative Planning acquired a new position in shares of Shift4 Payments in the third quarter worth about $293,000. QRG Capital Management Inc. lifted its position in shares of Shift4 Payments by 10.7% in the third quarter. QRG Capital Management Inc. now owns 5,188 shares of the company’s stock worth $460,000 after purchasing an additional 500 shares in the last quarter. HMS Capital Management LLC lifted its position in shares of Shift4 Payments by 35.3% in the third quarter. HMS Capital Management LLC now owns 4,613 shares of the company’s stock worth $409,000 after purchasing an additional 1,203 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Shift4 Payments by 7.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock worth $303,000 after purchasing an additional 243 shares in the last quarter. Finally, Atria Investments Inc purchased a new stake in shares of Shift4 Payments in the third quarter worth approximately $385,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Trading Up 0.9 %

Shares of Shift4 Payments stock opened at $94.48 on Thursday. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The stock has a market cap of $8.42 billion, a P/E ratio of 30.77, a P/E/G ratio of 1.04 and a beta of 1.76. The business’s 50 day moving average is $109.61 and its 200-day moving average is $99.11. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1 billion. Equities research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 30.57% of the company’s stock.

Wall Street Analyst Weigh In

FOUR has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday. Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and cut their price objective for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective on the stock. Oppenheimer cut their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Stephens restated an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

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.