Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by Xponance Inc.

Xponance Inc. increased its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 13.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,736 shares of the company’s stock after purchasing an additional 927 shares during the quarter. Xponance Inc.’s holdings in Shift4 Payments were worth $567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FOUR. J.Safra Asset Management Corp increased its holdings 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 raised its position in shares of Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after purchasing an additional 241 shares during the period. Clear Street Markets LLC acquired a new stake in shares of Shift4 Payments during the fourth quarter worth $112,000. Natixis Investment Managers International purchased a new stake in shares of Shift4 Payments during the fourth quarter valued at $116,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Shift4 Payments in the 2nd quarter valued at $114,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on FOUR. DA Davidson boosted their price objective on Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Benchmark restated a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a research report on Thursday, September 5th. Stephens reiterated an “overweight” rating and set a $90.00 price objective on shares of Shift4 Payments in a research report on Friday, August 9th. Wells Fargo & Company increased their target price on Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Finally, Morgan Stanley lifted their price target on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.11.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the firm’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 completion of the transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction dated 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 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 sale was disclosed in a legal 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 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 directly owns 182,959 shares in the company, valued at $14,874,566.70. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Shift4 Payments Trading Up 2.2 %

Shares of FOUR opened at $87.85 on Monday. The stock’s 50-day moving average price is $76.99 and its 200 day moving average price is $70.96. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. 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 price-to-earnings ratio of 58.96, a P/E/G ratio of 0.85 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last issued 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 return on equity of 24.19% and a net margin of 3.64%. The firm had revenue of $320.60 million during the quarter, compared to analysts’ expectations of $314.10 million. During the same period last year, the business earned $0.58 earnings per share. Shift4 Payments’s quarterly revenue was up 40.6% compared to the same quarter last year. As a group, research analysts predict that Shift4 Payments, Inc. will post 3.13 earnings per share for the current year.

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.