Verdence Capital Advisors LLC Buys New Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Verdence Capital Advisors LLC acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 3,172 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds have also recently bought and sold shares of the stock. HMS Capital Management LLC lifted its position in Shift4 Payments by 5.4% during the first quarter. HMS Capital Management LLC now owns 3,410 shares of the company’s stock worth $225,000 after acquiring an additional 175 shares during the last quarter. Lewis Asset Management LLC lifted its position in Shift4 Payments by 3.2% during the first quarter. Lewis Asset Management LLC now owns 5,585 shares of the company’s stock worth $369,000 after acquiring an additional 175 shares during the last quarter. J.Safra Asset Management Corp lifted its position in Shift4 Payments by 25.7% during the second quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock worth $72,000 after acquiring an additional 202 shares during the last quarter. CWM LLC lifted its position in Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after acquiring an additional 241 shares during the last quarter. Finally, Truist Financial Corp lifted its position in Shift4 Payments by 2.1% during the fourth quarter. Truist Financial Corp now owns 22,836 shares of the company’s stock worth $1,698,000 after acquiring an additional 466 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

Shares of NYSE:FOUR opened at $81.19 on Tuesday. The company’s 50 day simple moving average is $71.56 and its 200 day simple moving average is $70.39. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 54.46, a price-to-earnings-growth ratio of 0.82 and a beta of 1.63. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.70 and a quick ratio of 1.70. Shift4 Payments, Inc. has a 1 year low of $42.91 and a 1 year high of $92.30.

Shift4 Payments (NYSE:FOUR) last posted its 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 analysts’ expectations of $314.10 million. Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. The company’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. As a group, research analysts predict that Shift4 Payments, Inc. will post 3.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $72.06, for a total transaction of $72,060.00. Following the sale, the director now owns 9,474 shares of the company’s stock, valued at $682,696.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 30.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on FOUR. DA Davidson raised their price objective on shares of Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Mizuho dropped their price target on shares of Shift4 Payments from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, May 13th. The Goldman Sachs Group lifted their price target on shares of Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of Shift4 Payments in a research report on Friday, August 9th. Finally, Wells Fargo & Company dropped their price target on shares of Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.44.

Shift4 Payments 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.