Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 18.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,193 shares of the company’s stock after purchasing an additional 1,291 shares during the period. Commonwealth Equity Services LLC’s holdings in Shift4 Payments were worth $601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FOUR. J.Safra Asset Management Corp increased its holdings 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 acquiring an additional 347 shares during the period. CWM LLC increased its holdings in shares of Shift4 Payments by 27.1% in the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after acquiring an additional 241 shares during the period. Clear Street Markets LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter worth about $112,000. International Assets Investment Management LLC acquired a new stake in shares of Shift4 Payments in the 2nd quarter worth about $114,000. Finally, Natixis Investment Managers International acquired a new stake in shares of Shift4 Payments in the 4th quarter worth about $116,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $86.95 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.34 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 firm has a market cap of $7.61 billion, a price-to-earnings ratio of 58.36, a price-to-earnings-growth ratio of 0.77 and a beta of 1.64. The company has a 50-day moving average of $75.30 and a 200-day moving average of $70.94.

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

Insider Transactions at Shift4 Payments

In other news, 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 value of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred 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 directly owns 182,959 shares in the company, valued at $14,874,566.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred 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 of the company’s stock, valued at $18,827,693.97. The disclosure for this sale can be found here. 30.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

FOUR has been the topic of a number of analyst reports. DA Davidson increased their price objective on shares of Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Wedbush initiated coverage on shares of Shift4 Payments in a research report on Friday, May 24th. They issued a “neutral” rating and a $75.00 target price for the company. The Goldman Sachs Group increased their target price 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. Wells Fargo & Company increased their target price on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Benchmark reiterated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.11.

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.