Oppenheimer & Co. Inc. Takes $2.18 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

Oppenheimer & Co. Inc. purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 29,675 shares of the company’s stock, valued at approximately $2,177,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its stake in Shift4 Payments by 34.3% during the first quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after purchasing an additional 881,216 shares in the last quarter. Kodai Capital Management LP purchased a new position in Shift4 Payments during the 4th quarter valued at about $59,520,000. Westfield Capital Management Co. LP grew its position in Shift4 Payments by 72.8% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after acquiring an additional 561,707 shares in the last quarter. Scout Investments Inc. purchased a new stake in Shift4 Payments during the first quarter worth about $34,108,000. Finally, Foxhaven Asset Management LP acquired a new stake in shares of Shift4 Payments during the fourth quarter worth about $38,879,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FOUR has been the topic of several analyst reports. Stephens reiterated an “overweight” rating and issued a $90.00 price objective on shares of Shift4 Payments in a research note on Friday, August 9th. Morgan Stanley boosted their price objective on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. DA Davidson upped their target price on shares of Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. The Goldman Sachs Group lifted their price target on shares of Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, William Blair initiated coverage on shares of Shift4 Payments in a research report on Wednesday, September 4th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.05.

Shift4 Payments Trading Up 0.6 %

NYSE FOUR opened at $83.38 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. Shift4 Payments, Inc. has a 12 month low of $42.91 and a 12 month high of $92.30. The company has a market capitalization of $7.30 billion, a PE ratio of 55.96, a P/E/G ratio of 0.77 and a beta of 1.64. The stock has a 50-day simple moving average of $74.09 and a 200 day simple moving average of $70.70.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $320.60 million for the quarter, compared to the consensus estimate of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. Shift4 Payments’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. Research analysts forecast that Shift4 Payments, Inc. will post 3.08 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction 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 owns 182,959 shares in the company, valued at approximately $14,874,566.70. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the sale, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

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.