Fifth Third Bancorp Grows Position in Shift4 Payments, Inc. (NYSE:FOUR)

Fifth Third Bancorp grew its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 4.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,646 shares of the company’s stock after purchasing an additional 181 shares during the period. Fifth Third Bancorp’s holdings in Shift4 Payments were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC lifted its stake in shares of Shift4 Payments by 253.0% in the 1st quarter. SG Americas Securities LLC now owns 11,705 shares of the company’s stock valued at $956,000 after purchasing an additional 8,389 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Shift4 Payments by 36.1% in the 1st quarter. GAMMA Investing LLC now owns 750 shares of the company’s stock valued at $61,000 after purchasing an additional 199 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Shift4 Payments by 91.4% in the 1st quarter. UMB Bank n.a. now owns 534 shares of the company’s stock valued at $44,000 after purchasing an additional 255 shares during the last quarter. E. Ohman J or Asset Management AB lifted its stake in shares of Shift4 Payments by 17.6% in the 1st quarter. E. Ohman J or Asset Management AB now owns 27,956 shares of the company’s stock valued at $2,284,000 after purchasing an additional 4,180 shares during the last quarter. Finally, NBC Securities Inc. lifted its stake in shares of Shift4 Payments by 57,816.7% in the 1st quarter. NBC Securities Inc. now owns 3,475 shares of the company’s stock valued at $283,000 after purchasing an additional 3,469 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the transaction, the director now directly owns 7,474 shares in the company, valued at $706,517.22. The trade was a 11.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $90.33, for a total value of $903,300.00. Following the transaction, the chief financial officer now owns 167,622 shares in the company, valued at approximately $15,141,295.26. This trade represents a 5.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is currently owned by company insiders.

Shift4 Payments Trading Down 0.1%

FOUR opened at $91.92 on Thursday. Shift4 Payments, Inc. has a 52 week low of $57.45 and a 52 week high of $127.50. The stock’s fifty day moving average is $86.87 and its two-hundred day moving average is $96.31. The company has a market capitalization of $8.15 billion, a P/E ratio of 31.05, a PEG ratio of 0.65 and a beta of 1.82. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.31. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. The business had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. During the same period last year, the business posted $0.54 EPS. The business’s revenue was up 39.7% compared to the same quarter last year. Analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Susquehanna raised their price target on Shift4 Payments from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, April 30th. Wells Fargo & Company raised their price target on Shift4 Payments from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. B. Riley reissued a “buy” rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Finally, Evercore ISI started coverage on Shift4 Payments in a research note on Wednesday, April 9th. They set an “in-line” rating and a $80.00 price target for the company. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.35.

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.