Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by Deepwater Asset Management LLC

Deepwater Asset Management LLC raised its position in Shift4 Payments, Inc. (NYSE:FOUR) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 211,429 shares of the company’s stock after buying an additional 4,551 shares during the period. Shift4 Payments accounts for about 5.6% of Deepwater Asset Management LLC’s investment portfolio, making the stock its biggest position. Deepwater Asset Management LLC’s holdings in Shift4 Payments were worth $15,508,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its stake in shares of Shift4 Payments by 79.0% in the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after buying an additional 347 shares in the last quarter. CWM LLC grew its holdings in 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 acquiring an additional 241 shares during the last quarter. Clear Street Markets LLC bought a new stake in Shift4 Payments during the 4th quarter worth about $112,000. International Assets Investment Management LLC acquired a new stake in Shift4 Payments in the 2nd quarter valued at about $114,000. Finally, Natixis Investment Managers International bought a new position in shares of Shift4 Payments in the fourth quarter worth about $116,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Price Performance

FOUR opened at $86.90 on Friday. The company has a fifty day simple moving average of $75.30 and a 200 day simple moving average of $70.88. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The stock has a market cap of $7.61 billion, a P/E ratio of 58.32, a P/E/G ratio of 0.77 and a beta of 1.64. Shift4 Payments, Inc. has a 12 month low of $42.91 and a 12 month high of $92.30.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The company had revenue of $320.60 million for the quarter, compared to analyst estimates of $314.10 million. During the same quarter last year, the firm posted $0.58 earnings per share. Shift4 Payments’s revenue was up 40.6% compared to the same quarter last year. On average, research analysts expect that Shift4 Payments, Inc. will post 3.08 EPS for the current year.

Insiders Place Their Bets

In other news, 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 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 can be accessed through this link. In other news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 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 disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on FOUR shares. Susquehanna reissued a “positive” rating and set a $97.00 price target on shares of Shift4 Payments in a research note on Thursday, September 12th. Benchmark reissued a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. 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 note on Friday, August 9th. The Goldman Sachs Group lifted 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. Finally, DA Davidson upped their target price on shares of Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.11.

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.