Shift4 Payments, Inc. $FOUR Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers raised its position in Shift4 Payments, Inc. (NYSE:FOUR) by 27.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,583 shares of the company’s stock after purchasing an additional 974 shares during the quarter. Cetera Investment Advisers’ holdings in Shift4 Payments were worth $374,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Perpetual Ltd acquired a new position in Shift4 Payments during the 1st quarter worth about $56,863,000. Cat Rock Capital Management LP acquired a new stake in shares of Shift4 Payments during the fourth quarter worth about $39,222,000. Darlington Partners Capital Management LP boosted its stake in shares of Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after purchasing an additional 367,500 shares during the period. Northern Trust Corp boosted its stake in shares of Shift4 Payments by 84.4% in the fourth quarter. Northern Trust Corp now owns 520,990 shares of the company’s stock valued at $54,068,000 after purchasing an additional 238,478 shares during the period. Finally, Spyglass Capital Management LLC grew its holdings in shares of Shift4 Payments by 22.7% in the fourth quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company’s stock valued at $101,897,000 after purchasing an additional 181,539 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, Chairman Jared Isaacman acquired 104,705 shares of the company’s stock in a transaction on Monday, August 11th. The shares were bought at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the purchase, the chairman owned 939,715 shares in the company, valued at $78,569,571.15. This trade represents a 12.54% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Karen Roter Davis sold 2,757 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $260,619.21. Following the sale, the director owned 6,592 shares of the company’s stock, valued at $623,141.76. This trade represents a 29.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,757 shares of company stock valued at $1,258,449. Insiders own 25.15% of the company’s stock.

Shift4 Payments Price Performance

Shares of FOUR opened at $90.21 on Tuesday. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. Shift4 Payments, Inc. has a 1-year low of $68.09 and a 1-year high of $127.50. The stock has a market cap of $7.98 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 0.90 and a beta of 1.81. The firm has a fifty day moving average price of $97.37 and a 200 day moving average price of $93.37.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). The firm had revenue of $413.40 million for the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. As a group, sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FOUR shares. Benchmark upgraded shares of Shift4 Payments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 30th. BTIG Research reiterated a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. DA Davidson reissued a “buy” rating and set a $124.00 target price on shares of Shift4 Payments in a research note on Thursday, June 5th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Shift4 Payments in a research report on Friday, August 1st. Finally, Morgan Stanley decreased their price objective on Shift4 Payments from $100.00 to $92.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.40.

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.