EverSource Wealth Advisors LLC Has $108,000 Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

EverSource Wealth Advisors LLC raised its position in Shift4 Payments, Inc. (NYSE:FOUR) by 52,033.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,564 shares of the company’s stock after acquiring an additional 1,561 shares during the period. EverSource Wealth Advisors LLC’s holdings in Shift4 Payments were worth $108,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. J.Safra Asset Management Corp increased its position 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 purchasing an additional 347 shares during the period. CWM LLC increased its holdings in Shift4 Payments by 27.1% in 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 bought a new stake in Shift4 Payments in the 4th quarter valued at $112,000. International Assets Investment Management LLC bought a new position in shares of Shift4 Payments during the 2nd quarter worth about $114,000. Finally, Natixis Investment Managers International acquired a new stake in shares of Shift4 Payments during the 4th quarter valued at about $116,000. Institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FOUR. Wells Fargo & Company increased their price target on shares of Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. William Blair started coverage on Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating for the company. Morgan Stanley upped their price target on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Stephens reiterated an “overweight” rating and set a $90.00 price objective on shares of Shift4 Payments in a research note on Friday, August 9th. Finally, Benchmark restated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. Three investment 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, the company has an average rating of “Moderate Buy” and an average target price of $87.11.

Insider Buying and Selling

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the firm’s 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 transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Jordan Frankel sold 12,500 shares of the business’s 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 transaction, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Shift4 Payments Stock Up 0.3 %

Shares of FOUR opened at $85.98 on Friday. The business’s fifty day moving average price is $76.17 and its two-hundred day moving average price is $70.98. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 57.71, a PEG ratio of 0.85 and a beta of 1.64. 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.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.09. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The business had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. During the same quarter last year, the business earned $0.58 earnings per share. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, analysts predict that Shift4 Payments, Inc. will post 3.13 earnings per share for the current 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.