Fifth Third Bancorp Sells 176 Shares of Shift4 Payments, Inc. $FOUR

Fifth Third Bancorp reduced its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,470 shares of the company’s stock after selling 176 shares during the period. Fifth Third Bancorp’s holdings in Shift4 Payments were worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Durable Capital Partners LP raised its stake in Shift4 Payments by 15.4% in the first quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company’s stock worth $483,706,000 after buying an additional 788,952 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Shift4 Payments by 13.0% in the first quarter. Ameriprise Financial Inc. now owns 1,253,401 shares of the company’s stock worth $102,420,000 after buying an additional 144,111 shares in the last quarter. Perpetual Ltd bought a new position in Shift4 Payments in the first quarter worth about $56,863,000. Senator Investment Group LP raised its stake in Shift4 Payments by 32.4% in the first quarter. Senator Investment Group LP now owns 678,334 shares of the company’s stock worth $55,427,000 after buying an additional 165,973 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in Shift4 Payments by 64.7% in the first quarter. Baird Financial Group Inc. now owns 580,814 shares of the company’s stock worth $47,458,000 after buying an additional 228,079 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of research reports. B. Riley reissued a “buy” rating on shares of Shift4 Payments in a research note on Monday, June 2nd. UBS Group decreased their target price on shares of Shift4 Payments from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Truist Financial raised 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. Keefe, Bruyette & Woods decreased their target price on shares of Shift4 Payments from $110.00 to $100.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research note on Thursday, July 17th. They set a “buy” rating and a $120.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.21.

Insider Transactions at Shift4 Payments

In other news, insider James J. Whalen sold 794 shares of Shift4 Payments stock in a transaction on Friday, August 15th. The shares were sold at an average price of $89.89, for a total transaction of $71,372.66. Following the transaction, the insider owned 56,324 shares in the company, valued at $5,062,964.36. This trade represents a 1.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Jared Isaacman purchased 104,705 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were acquired at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the purchase, the chairman directly owned 939,715 shares in the company, valued at approximately $78,569,571.15. The trade was a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 25.15% of the company’s stock.

Shift4 Payments Trading Down 0.2%

Shares of FOUR stock opened at $79.00 on Tuesday. Shift4 Payments, Inc. has a 12-month low of $68.09 and a 12-month high of $127.50. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The firm’s 50 day moving average is $90.46 and its 200 day moving average is $89.77. The stock has a market capitalization of $6.99 billion, a P/E ratio of 29.26, a P/E/G ratio of 0.78 and a beta of 1.72.

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

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.