ShawSpring Partners LLC Trims Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

ShawSpring Partners LLC trimmed its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 12.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,402,433 shares of the company’s stock after selling 193,988 shares during the period. Shift4 Payments comprises about 14.8% of ShawSpring Partners LLC’s investment portfolio, making the stock its 2nd largest holding. ShawSpring Partners LLC owned about 1.60% of Shift4 Payments worth $102,868,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in shares of Shift4 Payments by 10.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 611,617 shares of the company’s stock worth $45,468,000 after purchasing an additional 55,813 shares in the last quarter. Norges Bank bought a new position in Shift4 Payments during the 4th quarter worth $26,935,000. Artisan Partners Limited Partnership lifted its holdings in shares of Shift4 Payments by 54.8% during the fourth quarter. Artisan Partners Limited Partnership now owns 340,700 shares of the company’s stock worth $25,328,000 after buying an additional 120,589 shares in the last quarter. Evoke Wealth LLC bought a new stake in shares of Shift4 Payments in the fourth quarter valued at about $2,907,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Shift4 Payments by 38.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 201,101 shares of the company’s stock valued at $14,950,000 after acquiring an additional 55,976 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Stock Up 0.3 %

Shift4 Payments stock opened at $85.98 on Friday. The firm has a market cap 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. The firm has a 50 day moving average price of $76.56 and a two-hundred day moving average price of $71.09.

Shift4 Payments (NYSE:FOUR) last released its 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. The business had revenue of $320.60 million for 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%. Shift4 Payments’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. Equities analysts predict that Shift4 Payments, Inc. will post 3.13 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on FOUR shares. William Blair assumed coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating for the company. Susquehanna reiterated a “positive” rating and issued a $97.00 price target on shares of Shift4 Payments in a research report on Thursday, September 12th. DA Davidson upped their price target 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. Wells Fargo & Company raised their price objective on Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Finally, The Goldman Sachs Group boosted their price objective on Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Three equities 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.11.

Insider Activity

In related news, CFO Nancy Disman sold 20,000 shares of the company’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 sale, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

About Shift4 Payments

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.