Shift4 Payments, Inc. (NYSE:FOUR) Stock Position Increased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc increased its position in Shift4 Payments, Inc. (NYSE:FOUR) by 6,185.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,095,546 shares of the company’s stock after buying an additional 1,078,115 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Shift4 Payments were worth $80,358,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. J.Safra Asset Management Corp boosted its stake in shares of Shift4 Payments by 79.0% during 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 in the last quarter. CWM LLC lifted its stake in Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after buying an additional 241 shares in the last quarter. Clear Street Markets LLC acquired a new position in shares of Shift4 Payments in the fourth quarter worth about $112,000. Natixis Investment Managers International purchased a new position in shares of Shift4 Payments in the fourth quarter worth approximately $116,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Shift4 Payments during the second quarter valued at approximately $114,000. Institutional investors own 98.87% of the company’s stock.

Insider Activity

In related news, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Shift4 Payments Price Performance

Shares of NYSE:FOUR opened at $86.90 on Friday. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 58.32, a PEG ratio of 0.77 and a beta of 1.64. The business has a 50 day moving average price of $75.30 and a 200 day moving average price of $70.88. 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.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $314.10 million. During the same quarter last year, the company posted $0.58 earnings per share. Shift4 Payments’s quarterly revenue was up 40.6% on a year-over-year basis. Research analysts predict that Shift4 Payments, Inc. will post 3.08 earnings per share for the current year.

Wall Street Analyst Weigh In

FOUR has been the subject of a number of recent analyst reports. 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 note on Friday, August 9th. The Goldman Sachs Group increased their price objective on Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. William Blair began coverage on Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating on the stock. Wells Fargo & Company boosted their price objective 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 analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $87.11.

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.