Regal Investment Advisors LLC Buys New Shares in Shift4 Payments, Inc. (NYSE:FOUR)

Regal Investment Advisors LLC bought a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 16,849 shares of the company’s stock, valued at approximately $1,236,000.

A number of other institutional investors also recently modified their holdings of FOUR. J.Safra Asset Management Corp raised its holdings in Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after buying an additional 347 shares during the last quarter. Quarry LP acquired a new position in Shift4 Payments during the second quarter worth $60,000. CWM LLC raised its holdings in 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 buying an additional 241 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Shift4 Payments by 52,033.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company’s stock worth $108,000 after buying an additional 1,561 shares during the last quarter. Finally, Clear Street Markets LLC acquired a new position in Shift4 Payments during the fourth quarter worth $112,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Price Performance

Shares of NYSE:FOUR opened at $88.59 on Tuesday. 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 firm has a market capitalization of $7.76 billion, a PE ratio of 59.46, a P/E/G ratio of 0.85 and a beta of 1.64. Shift4 Payments, Inc. has a twelve month low of $42.91 and a twelve month high of $92.30. The company has a 50-day moving average price of $77.38 and a two-hundred day moving average price of $71.05.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share 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 during the quarter, compared to analyst estimates of $314.10 million. During the same quarter last year, the business earned $0.58 earnings per share. The company’s quarterly revenue was up 40.6% on a year-over-year basis. Equities analysts forecast that Shift4 Payments, Inc. will post 3.13 EPS for the current year.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of the 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 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 legal filing with the SEC, which is available at this link. In related news, insider Jordan Frankel sold 12,500 shares of the firm’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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 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. Insiders own 30.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on FOUR. Susquehanna reiterated a “positive” rating and issued a $97.00 target price on shares of Shift4 Payments in a report on Thursday, September 12th. Wells Fargo & Company increased their target price on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, September 20th. William Blair began coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They issued an “outperform” rating for the company. Benchmark reiterated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a report on Thursday, September 5th. Finally, Stephens reiterated an “overweight” rating and issued a $90.00 target price on shares of Shift4 Payments in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.