Wolverine Asset Management LLC bought a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,385 shares of the company’s stock, valued at approximately $80,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of FOUR. Jennison Associates LLC increased its stake in shares of Shift4 Payments by 29.0% in the fourth quarter. Jennison Associates LLC now owns 945,990 shares of the company’s stock worth $54,801,000 after purchasing an additional 212,922 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Shift4 Payments by 27.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,038 shares of the company’s stock worth $176,000 after purchasing an additional 650 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Shift4 Payments by 45.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 81,386 shares of the company’s stock worth $4,715,000 after purchasing an additional 25,522 shares during the period. Raymond James & Associates increased its stake in shares of Shift4 Payments by 63.0% in the fourth quarter. Raymond James & Associates now owns 24,006 shares of the company’s stock worth $1,391,000 after purchasing an additional 9,274 shares during the period. Finally, Swiss National Bank increased its stake in shares of Shift4 Payments by 8.8% in the fourth quarter. Swiss National Bank now owns 93,500 shares of the company’s stock worth $5,416,000 after purchasing an additional 7,600 shares during the period. Institutional investors own 72.81% of the company’s stock.
Several equities analysts recently issued reports on FOUR shares. Zacks Investment Research lowered Shift4 Payments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 3rd. Citigroup lowered their price target on Shift4 Payments from $81.00 to $65.00 in a research note on Friday, May 6th. Sumitomo Mitsui Financial Group started coverage on Shift4 Payments in a research note on Thursday, January 27th. They set a “neutral” rating and a $60.00 price target on the stock. Credit Suisse Group lowered their price target on Shift4 Payments from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 2nd. Finally, DA Davidson started coverage on Shift4 Payments in a research note on Wednesday, March 9th. They set a “buy” rating and a $70.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.67.
Shift4 Payments (NYSE:FOUR – Get Rating) last announced its earnings results on Thursday, May 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. Shift4 Payments had a positive return on equity of 3.32% and a negative net margin of 1.50%. The business had revenue of $401.90 million for the quarter, compared to the consensus estimate of $383.60 million. During the same period in the previous year, the business earned ($0.43) EPS. Shift4 Payments’s revenue was up 67.9% compared to the same quarter last year. On average, sell-side analysts predict that Shift4 Payments, Inc. will post 0.54 EPS for the current fiscal year.
In other news, CEO Jared Isaacman acquired 35,958 shares of Shift4 Payments stock in a transaction on Monday, March 14th. The shares were purchased at an average price of $48.38 per share, with a total value of $1,739,648.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 12.20% of the stock is currently owned by corporate insiders.
About Shift4 Payments (Get Rating)
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.
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