Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by GM Advisory Group LLC

GM Advisory Group LLC raised its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 11.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,010 shares of the company’s stock after acquiring an additional 500 shares during the quarter. GM Advisory Group LLC’s holdings in Shift4 Payments were worth $367,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FOUR. Wasatch Advisors LP raised its stake in shares of Shift4 Payments by 34.3% during the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after buying an additional 881,216 shares during the last quarter. Kodai Capital Management LP acquired a new position in shares of Shift4 Payments during the 4th quarter worth $59,520,000. Westfield Capital Management Co. LP raised its stake in shares of Shift4 Payments by 72.8% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock worth $88,088,000 after buying an additional 561,707 shares during the last quarter. Scout Investments Inc. acquired a new position in shares of Shift4 Payments during the 1st quarter worth $34,108,000. Finally, Foxhaven Asset Management LP acquired a new position in shares of Shift4 Payments during the 4th quarter worth $38,879,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Buying and Selling

In related news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on FOUR. William Blair initiated coverage on Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating for the company. Morgan Stanley boosted 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 target price on shares of Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Susquehanna reissued a “positive” rating and issued a $97.00 target price on shares of Shift4 Payments in a research note on Thursday, September 12th. Finally, Benchmark reissued a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and an average target price of $86.05.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $85.92 on Friday. The stock’s 50 day moving average price is $74.65 and its 200 day moving average price is $70.80. The firm has a market capitalization of $7.52 billion, a PE ratio of 57.66, a price-to-earnings-growth ratio of 0.77 and a beta of 1.64. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. Shift4 Payments, Inc. has a one year low of $42.91 and a one year high of $92.30.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.87 by $0.09. The firm had revenue of $320.60 million for the quarter, compared to analyst estimates of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. Shift4 Payments’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS. As a group, sell-side analysts expect that Shift4 Payments, Inc. will post 3.08 EPS 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.