Ensign Peak Advisors Inc Boosts Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Ensign Peak Advisors Inc raised its position in Shift4 Payments, Inc. (NYSE:FOUR) by 6,185.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,095,546 shares of the company’s stock after purchasing an additional 1,078,115 shares during the quarter. Ensign Peak Advisors Inc owned 1.25% of Shift4 Payments worth $80,358,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. J.Safra Asset Management Corp increased its holdings in Shift4 Payments by 79.0% in the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after purchasing an additional 347 shares in the last quarter. CWM LLC grew its stake 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 buying an additional 241 shares in the last quarter. Clear Street Markets LLC purchased a new stake in shares of Shift4 Payments during the 4th quarter valued at about $112,000. Natixis Investment Managers International acquired a new position in Shift4 Payments during the 4th quarter worth approximately $116,000. Finally, International Assets Investment Management LLC purchased a new position in Shift4 Payments in the 2nd quarter worth approximately $114,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. 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. William Blair started coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating on the stock. Benchmark reissued a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a research report on Thursday, September 5th. Stephens reaffirmed an “overweight” rating and set a $90.00 target price on shares of Shift4 Payments in a research report on Friday, August 9th. Finally, Wells Fargo & Company increased their price target on Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Friday. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus price target of $87.11.

Insider Transactions at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction dated 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 sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $14,874,566.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

Shares of NYSE FOUR opened at $86.90 on Friday. The stock has a market capitalization of $7.61 billion, a P/E ratio of 58.32, a P/E/G ratio of 0.77 and a beta of 1.64. The firm’s 50-day moving average price is $75.30 and its two-hundred day moving average price is $70.88. Shift4 Payments, Inc. has a 52-week low of $42.91 and a 52-week high of $92.30. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83.

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

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.