Granite Investment Partners LLC Acquires Shares of 51,799 Shift4 Payments, Inc. (NYSE:FOUR)

Granite Investment Partners LLC bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the second quarter, Holdings Channel.com reports. The fund bought 51,799 shares of the company’s stock, valued at approximately $3,799,000.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Shift4 Payments by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 329,326 shares of the company’s stock valued at $24,482,000 after buying an additional 14,349 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Shift4 Payments by 10.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 611,617 shares of the company’s stock worth $45,468,000 after acquiring an additional 55,813 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in Shift4 Payments in the 4th quarter valued at about $229,000. TrinityPoint Wealth LLC grew its position in shares of Shift4 Payments by 45.9% during the 4th quarter. TrinityPoint Wealth LLC now owns 6,355 shares of the company’s stock worth $472,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Shift4 Payments during the fourth quarter worth approximately $26,935,000. Institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FOUR shares. The Goldman Sachs Group increased their price objective on shares of Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Morgan Stanley boosted 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 report on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a research note on Thursday, September 5th. Stephens reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Shift4 Payments in a research note on Friday, August 9th. Finally, Wells Fargo & Company boosted their target price on Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average price target of $87.11.

Shift4 Payments Stock Up 1.2 %

Shares of NYSE FOUR opened at $86.95 on Friday. Shift4 Payments, Inc. has a 52-week low of $42.91 and a 52-week high of $92.30. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. The company’s 50 day moving average price is $75.30 and its 200-day moving average price is $70.94. The company has a market capitalization of $7.61 billion, a P/E ratio of 58.36, a price-to-earnings-growth ratio of 0.77 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The business had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. Equities analysts forecast that Shift4 Payments, Inc. will post 3.08 earnings per share for the current year.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments 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 completion of the sale, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. The disclosure for this sale can be found here. 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.