Shift4 Payments, Inc. (NYSE:FOUR) Shares Purchased by Amalgamated Bank

Amalgamated Bank raised its position in Shift4 Payments, Inc. (NYSE:FOUR) by 217.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,144 shares of the company’s stock after buying an additional 7,631 shares during the period. Amalgamated Bank’s holdings in Shift4 Payments were worth $817,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. J.Safra Asset Management Corp grew its stake in Shift4 Payments by 79.0% in the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after purchasing an additional 347 shares in the last quarter. CWM LLC raised its position in shares of Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after buying an additional 241 shares in the last quarter. Clear Street Markets LLC acquired a new stake in Shift4 Payments in the fourth quarter worth approximately $112,000. Natixis Investment Managers International acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at $116,000. Finally, International Assets Investment Management LLC bought a new position in shares of Shift4 Payments during the 2nd quarter valued at about $114,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated 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 transaction, 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 at the SEC website. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the 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 completion of the sale, 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 through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the company’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 value of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Up 2.2 %

FOUR opened at $87.87 on Friday. Shift4 Payments, Inc. has a twelve month low of $42.91 and a twelve month 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 business has a 50 day moving average price of $76.99 and a 200 day moving average price of $71.11. The firm has a market cap of $7.69 billion, a P/E ratio of 58.97, a price-to-earnings-growth ratio of 0.85 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last posted 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 during the quarter, compared to the consensus estimate of $314.10 million. During the same period in the prior year, the firm earned $0.58 EPS. Shift4 Payments’s quarterly revenue was up 40.6% compared to the same quarter last year. Research analysts forecast that Shift4 Payments, Inc. will post 3.13 EPS for the current year.

Analyst Ratings Changes

FOUR has been the subject of several research reports. Morgan Stanley raised their price objective on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. 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. Susquehanna reaffirmed a “positive” rating and set a $97.00 price objective on shares of Shift4 Payments in a research report on Thursday, September 12th. Stephens reiterated an “overweight” rating and issued a $90.00 target price on shares of Shift4 Payments in a research report on Friday, August 9th. Finally, DA Davidson lifted their target price on shares of Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and an average target price of $87.11.

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.