Truist Financial Corp Buys New Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Truist Financial Corp purchased a new position in Shift4 Payments, Inc. (NYSE:FOUR) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,856 shares of the company’s stock, valued at approximately $283,000.

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

Shift4 Payments Price Performance

Shift4 Payments stock opened at $95.77 on Friday. The company has a fifty day simple moving average of $84.59 and a 200-day simple moving average of $73.28. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 64.28, a PEG ratio of 1.01 and a beta of 1.64. 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, Inc. has a 52-week low of $42.91 and a 52-week high of $96.96.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Shift4 Payments’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 earnings per share. On average, equities analysts anticipate that Shift4 Payments, Inc. will post 3.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on FOUR shares. Stephens raised their target price on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday. 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 research note on Friday, August 9th. Wells Fargo & Company boosted their target price on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. BTIG Research increased their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Oppenheimer began coverage on shares of Shift4 Payments in a report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.37.

Insider Activity

In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Jordan Frankel sold 12,500 shares of the business’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 owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This represents a 0.00 % decrease in their position. 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.