Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 9.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,824 shares of the company’s stock after purchasing an additional 6,455 shares during the quarter. Rhumbline Advisers owned 0.08% of Shift4 Payments worth $5,268,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. J.Safra Asset Management Corp grew its holdings in shares of Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after buying an additional 347 shares in the last quarter. CWM LLC boosted its stake in shares of Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after buying an additional 241 shares during the period. Clear Street Markets LLC purchased a new stake in shares of Shift4 Payments during the fourth quarter worth $112,000. International Assets Investment Management LLC acquired a new stake in shares of Shift4 Payments during the 2nd quarter valued at about $114,000. Finally, Natixis Investment Managers International acquired a new stake in Shift4 Payments in the fourth quarter valued at approximately $116,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Benchmark reissued a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a research report on Thursday, September 5th. Stephens reissued an “overweight” rating and set a $90.00 target price on shares of Shift4 Payments in a research report on Friday, August 9th. William Blair began coverage on Shift4 Payments in a report on Wednesday, September 4th. They issued an “outperform” rating for the company. Finally, Morgan Stanley increased their price objective 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.05.

Shift4 Payments Stock Up 3.1 %

Shift4 Payments stock opened at $82.92 on Monday. The company has a 50 day moving average of $73.89 and a 200-day moving average of $70.69. 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 twelve month low of $42.91 and a twelve month high of $92.30. The stock has a market capitalization of $7.26 billion, a PE ratio of 55.65, a price-to-earnings-growth ratio of 0.77 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last released its 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 analysts’ expectations of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 EPS. On average, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.08 EPS for the current fiscal year.

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.