Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by HMS Capital Management LLC

HMS Capital Management LLC grew its position in Shift4 Payments, Inc. (NYSE:FOUR) by 35.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,613 shares of the company’s stock after purchasing an additional 1,203 shares during the period. HMS Capital Management LLC’s holdings in Shift4 Payments were worth $409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Shift4 Payments by 11,776.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after buying an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc raised its holdings in shares of Shift4 Payments by 6,185.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock valued at $80,358,000 after buying an additional 1,078,115 shares during the period. Westfield Capital Management Co. LP raised its holdings in shares of Shift4 Payments by 72.8% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after buying an additional 561,707 shares during the period. Senator Investment Group LP raised its holdings in shares of Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after buying an additional 555,737 shares during the period. Finally, Scout Investments Inc. purchased a new stake in shares of Shift4 Payments during the 1st quarter valued at about $34,108,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on FOUR. BTIG Research lifted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Morgan Stanley lifted their price objective on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. William Blair began coverage on Shift4 Payments in a report on Wednesday, September 4th. They set an “outperform” rating on the stock. Wells Fargo & Company lifted their price objective on Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Finally, DA Davidson lifted their price objective on Shift4 Payments from $104.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Three 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.53.

Shift4 Payments Trading Down 0.2 %

Shares of FOUR stock opened at $90.00 on Wednesday. Shift4 Payments, Inc. has a 1 year low of $45.92 and a 1 year high of $96.96. 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 stock has a fifty day moving average of $87.38 and a two-hundred day moving average of $75.44. The firm has a market capitalization of $7.97 billion, a PE ratio of 54.55, a price-to-earnings-growth ratio of 1.03 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The firm had revenue of $320.60 million for the quarter, compared to analyst estimates of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. Shift4 Payments’s revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. As a group, research analysts expect that Shift4 Payments, Inc. will post 3.11 EPS for the current year.

Insider Activity

In related news, insider Jordan Frankel sold 12,500 shares of the business’s 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 in the company, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 stock was 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 in the company, valued at $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction that occurred on 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 owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

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.