MRP Capital Investments LLC Makes New $180,000 Investment in Shift4 Payments, Inc. (NYSE:FOUR)

MRP Capital Investments LLC bought a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,450 shares of the company’s stock, valued at approximately $180,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. J.Safra Asset Management Corp grew its holdings in Shift4 Payments by 79.0% during the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after acquiring an additional 347 shares during the last quarter. CWM LLC increased its holdings in shares of Shift4 Payments by 27.1% in the second quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after purchasing an additional 241 shares in the last quarter. Clear Street Markets LLC bought a new position in Shift4 Payments in the 4th quarter worth approximately $112,000. Natixis Investment Managers International acquired a new position in Shift4 Payments during the 4th quarter worth $116,000. Finally, International Assets Investment Management LLC bought a new position in Shift4 Payments in the 2nd quarter valued at $114,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Trading Down 0.4 %

NYSE:FOUR opened at $83.58 on Thursday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The business’s 50-day simple moving average is $74.65 and its 200-day simple moving average is $70.80. Shift4 Payments, Inc. has a fifty-two week low of $42.91 and a fifty-two week high of $92.30. The stock has a market capitalization of $7.32 billion, a PE ratio of 56.09, a price-to-earnings-growth ratio of 0.77 and a beta of 1.64.

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. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The firm had revenue of $320.60 million for the quarter, compared to analyst estimates of $314.10 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The business’s revenue was up 40.6% on a year-over-year basis. Sell-side analysts expect that Shift4 Payments, Inc. will post 3.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FOUR shares. Stephens restated an “overweight” rating and set a $90.00 target price on shares of Shift4 Payments in a research report on Friday, August 9th. Susquehanna restated a “positive” rating and set a $97.00 target price on shares of Shift4 Payments in a research report on Thursday, September 12th. Morgan Stanley raised their target price on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. The Goldman Sachs Group boosted 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 note 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 assigned a buy rating to the company. According to data from MarketBeat.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average target price of $86.05.

Insiders Place Their Bets

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