Bleakley Financial Group LLC Acquires New Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Bleakley Financial Group LLC bought a new position in Shift4 Payments, Inc. (NYSE:FOUR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,036 shares of the company’s stock, valued at approximately $889,000.

Several other hedge funds have also added to or reduced their stakes in FOUR. J.Safra Asset Management Corp raised its position in shares of Shift4 Payments by 79.0% in the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after purchasing an additional 347 shares during the last quarter. Quarry LP purchased a new position in Shift4 Payments in the second quarter worth about $60,000. CWM LLC lifted its stake in shares of 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Shift4 Payments by 52,033.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company’s stock valued at $108,000 after buying an additional 1,561 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Shift4 Payments during the second quarter valued at approximately $114,000. 98.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FOUR. Benchmark reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a research report on Thursday, September 5th. Barclays began coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. The Goldman Sachs Group increased their price objective on Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a research report on Monday, October 14th. DA Davidson boosted their target price on Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Morgan Stanley upped their target price on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus target price of $94.37.

Insider Activity

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction 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 completion of the sale, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

Shares of FOUR opened at $95.71 on Monday. Shift4 Payments, Inc. has a 52 week low of $42.91 and a 52 week high of $96.96. 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 stock has a market cap of $8.38 billion, a price-to-earnings ratio of 64.23, a PEG ratio of 1.01 and a beta of 1.64. The business has a 50-day simple moving average of $84.59 and a two-hundred day simple moving average of $73.36.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The firm’s revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 EPS. On average, analysts expect that Shift4 Payments, Inc. will post 3.11 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.