2,292 Shares in Shift4 Payments, Inc. $FOUR Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,292 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SRH Advisors LLC bought a new stake in Shift4 Payments in the 1st quarter valued at $26,000. Banque Transatlantique SA bought a new stake in Shift4 Payments in the 1st quarter valued at $27,000. Harbour Investments Inc. bought a new stake in Shift4 Payments in the 1st quarter valued at $32,000. Valley National Advisers Inc. increased its holdings in Shift4 Payments by 41.7% in the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock valued at $34,000 after buying an additional 125 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Shift4 Payments by 100.0% in the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after buying an additional 217 shares during the period. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Down 2.6%

Shares of NYSE FOUR opened at $77.28 on Friday. The firm’s 50-day simple moving average is $85.62 and its 200 day simple moving average is $89.17. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 0.77 and a beta of 1.69. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. Shift4 Payments, Inc. has a 12-month low of $68.09 and a 12-month high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its quarterly 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). The company 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 quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the company earned $0.96 EPS. On average, research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CEO David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total transaction of $221,475.00. Following the transaction, the chief executive officer directly owned 285,588 shares in the company, valued at approximately $25,300,240.92. This represents a 0.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Jared Isaacman bought 104,705 shares of the business’s stock in a transaction on 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 completion of the transaction, the chairman owned 939,715 shares in the company, valued at approximately $78,569,571.15. This trade represents a 12.54% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 25.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FOUR. UBS Group lowered their price target on shares of Shift4 Payments from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. BTIG Research reissued a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a report on Thursday, July 17th. They issued a “buy” rating and a $120.00 price target on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $104.00 price target on shares of Shift4 Payments in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.65.

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.