Susquehanna Fundamental Investments LLC Purchases New Shares in Shift4 Payments, Inc. (NYSE:FOUR)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the second quarter, HoldingsChannel reports. The fund purchased 70,624 shares of the company’s stock, valued at approximately $5,180,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Shift4 Payments during the fourth quarter worth approximately $26,935,000. Thematics Asset Management bought a new position in shares of Shift4 Payments in the fourth quarter worth about $17,842,000. Forge First Asset Management Inc. bought a new position in Shift4 Payments in the 1st quarter valued at approximately $1,242,000. Deepwater Asset Management LLC boosted its holdings in shares of Shift4 Payments by 23.7% during the 1st quarter. Deepwater Asset Management LLC now owns 206,878 shares of the company’s stock valued at $13,668,000 after acquiring an additional 39,589 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in Shift4 Payments by 7.1% in the 1st quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock valued at $14,465,000 after acquiring an additional 14,438 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was 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 $18,827,693.97. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction 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 transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the company’s 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 of the company’s stock, valued at approximately $14,874,566.70. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $87.85 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. The firm has a fifty day simple moving average of $76.99 and a two-hundred day simple moving average of $70.96. Shift4 Payments, Inc. has a 12 month low of $42.91 and a 12 month high of $92.30. The firm has a market capitalization of $7.69 billion, a PE ratio of 58.96, a price-to-earnings-growth ratio of 0.85 and a beta of 1.64.

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

Analysts Set New Price Targets

FOUR has been the topic of several analyst reports. The Goldman Sachs Group upped their target price on Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Susquehanna reaffirmed a “positive” rating and issued a $97.00 price objective on shares of Shift4 Payments in a research note on Thursday, September 12th. Morgan Stanley lifted their target price on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Stephens reissued an “overweight” rating and issued a $90.00 price objective on shares of Shift4 Payments in a research note on Friday, August 9th. Finally, Wells Fargo & Company raised their target price on Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $87.11.

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.