51,799 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Purchased by Granite Investment Partners LLC

Granite Investment Partners LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 51,799 shares of the company’s stock, valued at approximately $3,799,000. Granite Investment Partners LLC owned 0.06% of Shift4 Payments at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FOUR. Norges Bank acquired a new stake in Shift4 Payments during the fourth quarter worth $26,935,000. Thematics Asset Management acquired a new position in Shift4 Payments in the fourth quarter worth about $17,842,000. Forge First Asset Management Inc. bought a new position in Shift4 Payments during the first quarter worth about $1,242,000. Deepwater Asset Management LLC grew its stake in shares of Shift4 Payments by 23.7% in the 1st quarter. Deepwater Asset Management LLC now owns 206,878 shares of the company’s stock valued at $13,668,000 after purchasing an additional 39,589 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Shift4 Payments by 7.1% in the 1st quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock worth $14,465,000 after buying an additional 14,438 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Insiders Place Their Bets

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. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the company’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 completion of the transaction, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred on 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 completion of 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. Corporate insiders own 30.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Susquehanna reiterated a “positive” rating and set a $97.00 price objective on shares of Shift4 Payments in a research note on Thursday, September 12th. DA Davidson lifted their price target on shares of Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a report on Friday, August 9th. Stephens reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Shift4 Payments in a report on Friday, August 9th. William Blair initiated coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group increased their price target on Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average price target of $87.11.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $86.95 on Friday. The stock has a 50-day moving average of $75.30 and a 200-day moving average of $70.94. Shift4 Payments, Inc. has a one year low of $42.91 and a one year high of $92.30. The stock has a market cap of $7.61 billion, a PE ratio of 58.36, 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 current ratio of 1.35 and a quick ratio of 1.34.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share 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%. The company’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 earnings per share. As a group, sell-side analysts expect that Shift4 Payments, Inc. will post 3.08 earnings per share for the current year.

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.