Dimensional Fund Advisors LP Boosts Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Dimensional Fund Advisors LP raised its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 35.3% during the second quarter, HoldingsChannel.com reports. The fund owned 849,564 shares of the company’s stock after purchasing an additional 221,881 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Shift4 Payments were worth $62,315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of FOUR. Brown Brothers Harriman & Co. increased its stake in Shift4 Payments by 24.1% during the second quarter. Brown Brothers Harriman & Co. now owns 347,405 shares of the company’s stock worth $25,482,000 after acquiring an additional 67,417 shares during the last quarter. Retirement Planning Co of New England Inc. purchased a new position in Shift4 Payments during the 2nd quarter valued at $369,000. J.W. Cole Advisors Inc. bought a new position in Shift4 Payments in the 2nd quarter valued at $303,000. Envestnet Asset Management Inc. increased its stake in Shift4 Payments by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 68,454 shares of the company’s stock worth $5,021,000 after buying an additional 3,040 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Shift4 Payments during the second quarter valued at approximately $2,177,000. 98.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Susquehanna restated a “positive” rating and issued a $97.00 price target on shares of Shift4 Payments in a report on Thursday, September 12th. Stephens restated an “overweight” rating and issued a $90.00 target price on shares of Shift4 Payments in a research note on Friday, August 9th. The Goldman Sachs Group lifted their target price 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. DA Davidson raised their price objective on Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company increased their price target on Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.11.

Shift4 Payments Trading Up 2.2 %

Shares of FOUR opened at $87.87 on Friday. The company has a market capitalization of $7.69 billion, a P/E ratio of 58.97, a P/E/G ratio of 0.85 and a beta of 1.64. The stock has a 50-day moving average price of $76.99 and a 200 day moving average price of $71.11. 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, Inc. has a one year low of $42.91 and a one year high of $92.30.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. During the same quarter last year, the company posted $0.58 earnings per share. Shift4 Payments’s revenue was up 40.6% on a year-over-year basis. Sell-side analysts forecast that Shift4 Payments, Inc. will post 3.13 EPS for the current fiscal year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $18,827,693.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Nancy Disman sold 20,000 shares of the company’s 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the stock in a transaction on 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 transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

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.