Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP increased its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 113.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 457,467 shares of the company’s stock after acquiring an additional 242,684 shares during the period. Artemis Investment Management LLP owned approximately 0.52% of Shift4 Payments worth $40,532,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of Shift4 Payments by 11,776.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after buying an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc increased its holdings in Shift4 Payments by 6,185.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after acquiring an additional 1,078,115 shares in the last quarter. Wasatch Advisors LP raised its position in Shift4 Payments by 34.3% during the first quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after acquiring an additional 881,216 shares during the period. Westfield Capital Management Co. LP lifted its holdings in Shift4 Payments by 72.8% during the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after purchasing an additional 561,707 shares in the last quarter. Finally, Senator Investment Group LP grew its position in shares of Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after purchasing an additional 555,737 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

FOUR has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. DA Davidson increased their target price on Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a report on Friday, August 9th. Oppenheimer began coverage on Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price on the stock. Stephens reiterated an “overweight” rating and set a $90.00 price target on shares of Shift4 Payments in a research report on Friday, August 9th. Finally, The Goldman Sachs Group increased their price objective on Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average price target of $89.28.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $91.96 on Wednesday. The company’s 50-day moving average is $79.51 and its two-hundred day moving average is $71.63. Shift4 Payments, Inc. has a 1-year low of $42.91 and a 1-year high of $92.56. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 61.72, a PEG ratio of 0.85 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, beating 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 net margin of 3.64% and a return on equity of 24.19%. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 EPS. Analysts forecast that Shift4 Payments, Inc. will post 3.13 EPS for the current year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments 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 transaction of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Shift4 Payments 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 value of $1,032,125.00. Following the sale, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction 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 owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

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.