NewEdge Advisors LLC Grows Position in Shift4 Payments, Inc. (NYSE:FOUR)

NewEdge Advisors LLC raised its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 130.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,540 shares of the company’s stock after acquiring an additional 17,260 shares during the period. NewEdge Advisors LLC’s holdings in Shift4 Payments were worth $2,240,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Thematics Asset Management purchased a new position in Shift4 Payments during the 4th quarter valued at approximately $17,842,000. Seven Eight Capital LP bought a new stake in Shift4 Payments in the fourth quarter worth $1,438,000. Natixis Investment Managers International bought a new stake in Shift4 Payments in the fourth quarter worth $116,000. Tabor Asset Management LP purchased a new stake in Shift4 Payments during the fourth quarter valued at $5,255,000. Finally, Wasatch Advisors LP lifted its position in Shift4 Payments by 31.6% during the fourth quarter. Wasatch Advisors LP now owns 2,570,145 shares of the company’s stock valued at $191,065,000 after purchasing an additional 616,452 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stephens restated an “overweight” rating and set a $90.00 target price on shares of Shift4 Payments in a research report on Friday, August 9th. The Goldman Sachs Group upped their price objective on Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. DA Davidson lifted their target price on Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Oppenheimer initiated coverage on Shift4 Payments in a report on Tuesday. They set an “outperform” rating and a $109.00 price target on the stock. Finally, 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 report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.16.

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 stock was 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 $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related 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 transaction, 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 filing with the SEC, which is available at the SEC website. 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 value of $1,626,000.00. Following the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $91.61 on Friday. The company has a market capitalization of $8.02 billion, a P/E ratio of 61.48, a P/E/G ratio of 0.85 and a beta of 1.64. The company’s 50-day simple moving average is $78.64 and its two-hundred day simple moving average is $71.38. Shift4 Payments, Inc. has a one year low of $42.91 and a one year high of $92.30. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results 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. 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%. Shift4 Payments’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. As a group, equities analysts anticipate that Shift4 Payments, Inc. will post 3.13 EPS for the current year.

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.