King Luther Capital Management Corp Invests $2.21 Million in Shift4 Payments, Inc. (NYSE:FOUR)

King Luther Capital Management Corp purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,178 shares of the company’s stock, valued at approximately $2,214,000.

Other large investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp grew its position in shares of Shift4 Payments by 79.0% during the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after acquiring an additional 347 shares during the period. CWM LLC increased its position in Shift4 Payments by 27.1% in the second quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after buying an additional 241 shares during the last quarter. Clear Street Markets LLC bought a new stake in shares of Shift4 Payments in the fourth quarter valued at $112,000. International Assets Investment Management LLC purchased a new position in shares of Shift4 Payments during the 2nd quarter valued at $114,000. Finally, Natixis Investment Managers International bought a new position in shares of Shift4 Payments during the 4th quarter worth $116,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

FOUR has been the topic of several recent research reports. William Blair started coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They set an “outperform” rating on the stock. Morgan Stanley raised their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report 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 report on Thursday, July 11th. Stephens reaffirmed an “overweight” rating and issued a $90.00 price target on shares of Shift4 Payments in a report on Friday, August 9th. Finally, DA Davidson boosted their price objective on Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.11.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $86.90 on Friday. Shift4 Payments, Inc. has a fifty-two week low of $42.91 and a fifty-two week high of $92.30. The firm’s fifty day moving average price is $75.30 and its 200-day moving average price is $70.88. The stock has a market cap of $7.61 billion, a P/E ratio of 58.32, 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 (NYSE:FOUR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.09. The firm had revenue of $320.60 million during 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 was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share. On average, equities research analysts expect that Shift4 Payments, Inc. will post 3.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jordan Frankel sold 12,500 shares of the business’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 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 document filed with the SEC, which is available at this hyperlink. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the business’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 completion of the sale, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. The sale 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 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 in the company, valued at approximately $18,827,693.97. The disclosure for this sale can be found here. 30.57% of the stock is owned by insiders.

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.