Shift4 Payments, Inc. $FOUR Stake Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 0.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,977 shares of the company’s stock after purchasing an additional 354 shares during the period. Charles Schwab Investment Management Inc. owned 0.52% of Shift4 Payments worth $37,585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FOUR. SG Americas Securities LLC grew its holdings in Shift4 Payments by 253.0% during the first 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. Fifth Third Bancorp grew its holdings in shares of Shift4 Payments by 4.1% during the 1st quarter. Fifth Third Bancorp now owns 4,646 shares of the company’s stock worth $380,000 after purchasing an additional 181 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Shift4 Payments by 35.7% during the 4th quarter. Cerity Partners LLC now owns 4,629 shares of the company’s stock worth $480,000 after purchasing an additional 1,218 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Shift4 Payments by 54.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company’s stock valued at $98,000 after buying an additional 424 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Shift4 Payments by 5.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company’s stock valued at $298,000 after buying an additional 194 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Stock Performance

Shares of NYSE FOUR opened at $90.21 on Tuesday. The stock has a 50 day moving average price of $97.37 and a 200 day moving average price of $93.37. Shift4 Payments, Inc. has a 52 week low of $68.09 and a 52 week high of $127.50. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53. The stock has a market capitalization 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.

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

Insiders Place Their Bets

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $94,530.00. Following the transaction, the director directly owned 7,474 shares of the company’s stock, valued at $706,517.22. This represents a 11.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the sale, the chief financial officer owned 167,622 shares of the company’s stock, valued at $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. Insiders have sold 13,757 shares of company stock worth $1,258,449 over the last ninety days. 25.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group reduced their price objective on Shift4 Payments from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Raymond James Financial reissued a “strong-buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Shift4 Payments in a research note on Friday, August 1st. Morgan Stanley reduced their price objective on Shift4 Payments from $100.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. Piper Sandler reduced their price objective on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. Finally, DA Davidson reissued a “buy” rating and issued a $124.00 price objective on shares of Shift4 Payments in a research note on Thursday, June 5th. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average target price of $114.40.

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.