Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by Deepwater Asset Management LLC

Deepwater Asset Management LLC boosted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 211,429 shares of the company’s stock after purchasing an additional 4,551 shares during the period. Shift4 Payments accounts for 5.6% of Deepwater Asset Management LLC’s investment portfolio, making the stock its biggest holding. Deepwater Asset Management LLC owned 0.24% of Shift4 Payments worth $15,508,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp lifted its position in shares of Shift4 Payments by 79.0% in the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after purchasing an additional 347 shares in the last quarter. CWM LLC lifted its position in Shift4 Payments by 27.1% in the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after buying an additional 241 shares in the last quarter. Clear Street Markets LLC purchased a new stake in Shift4 Payments in the 4th quarter worth approximately $112,000. Natixis Investment Managers International acquired a new stake in shares of Shift4 Payments during the 4th quarter valued at $116,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Shift4 Payments during the 2nd quarter valued at $114,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Nancy Disman sold 20,000 shares of the 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 in the company, valued at $14,874,566.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments 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 sale, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Shift4 Payments Price Performance

Shares of NYSE:FOUR opened at $86.90 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The business has a 50 day moving average price of $75.30 and a 200 day moving average price of $70.88. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 58.32, a PEG ratio of 0.77 and a beta of 1.64. Shift4 Payments, Inc. has a twelve month low of $42.91 and a twelve month high of $92.30.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data 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 business had revenue of $320.60 million for the quarter, compared to the consensus estimate of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. Shift4 Payments’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter last year, the company posted $0.58 earnings per share. Research analysts predict that Shift4 Payments, Inc. will post 3.08 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on FOUR shares. DA Davidson increased their price objective on Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Wells Fargo & Company raised their price target on Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday. Stephens restated an “overweight” rating and issued a $90.00 price objective on shares of Shift4 Payments in a report on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. Finally, William Blair began coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $87.11.

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.