Shift4 Payments, Inc. $FOUR Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 4.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,003 shares of the company’s stock after selling 300 shares during the period. HighTower Advisors LLC’s holdings in Shift4 Payments were worth $491,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Heck Capital Advisors LLC acquired a new position in Shift4 Payments during the 4th quarter valued at about $26,000. SRH Advisors LLC acquired a new position in Shift4 Payments during the 1st quarter valued at about $26,000. Elequin Capital LP boosted its stake in Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company’s stock valued at $31,000 after purchasing an additional 114 shares during the period. Harbour Investments Inc. acquired a new position in Shift4 Payments during the 1st quarter valued at about $32,000. Finally, Valley National Advisers Inc. boosted its stake in Shift4 Payments by 41.7% during the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock valued at $34,000 after purchasing an additional 125 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on FOUR shares. Raymond James Financial reissued a “strong-buy” rating and set a $140.00 target price (up from $130.00) on shares of Shift4 Payments in a research note on Friday, August 1st. Truist Financial boosted their target price on shares of Shift4 Payments from $97.00 to $109.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. Piper Sandler reduced their target price on shares of Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, August 6th. B. Riley reissued a “buy” rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Finally, Morgan Stanley reduced their target price on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $114.40.

Shift4 Payments Stock Down 1.1%

NYSE FOUR opened at $90.52 on Friday. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. The company’s 50 day simple moving average is $96.99 and its 200 day simple moving average is $91.73. Shift4 Payments, Inc. has a 12 month low of $68.09 and a 12 month high of $127.50. The company has a market capitalization of $8.00 billion, a P/E ratio of 33.53, a PEG ratio of 0.89 and a beta of 1.81.

Shift4 Payments (NYSE:FOUR) last released 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). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The business had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. Equities research analysts expect 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, Chairman Jared Isaacman bought 104,705 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the acquisition, the chairman directly owned 939,715 shares of the company’s stock, valued at $78,569,571.15. This trade represents a 12.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction that occurred 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 completion of the transaction, the director directly owned 7,474 shares in the company, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,551 shares of company stock worth $1,329,822. Company insiders own 25.15% of the company’s stock.

Shift4 Payments 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.