Shift4 Payments, Inc. $FOUR Stock Holdings Lifted by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in Shift4 Payments, Inc. (NYSE:FOUR) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,719 shares of the company’s stock after acquiring an additional 143 shares during the period. Vontobel Holding Ltd.’s holdings in Shift4 Payments were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOUR. SRH Advisors LLC purchased a new stake in shares of Shift4 Payments in the first quarter valued at $26,000. Banque Transatlantique SA acquired a new position in Shift4 Payments during the first quarter valued at $27,000. Harbour Investments Inc. acquired a new position in Shift4 Payments during the first quarter valued at $32,000. Valley National Advisers Inc. raised its position in Shift4 Payments by 41.7% during the first 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. raised its position in Shift4 Payments by 100.0% during the first 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 and hedge funds own 98.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on FOUR shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $104.00 target price on shares of Shift4 Payments in a research note on Wednesday, August 6th. Keefe, Bruyette & Woods decreased their price target on shares of Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. Truist Financial increased their target price on shares of Shift4 Payments from $97.00 to $109.00 and gave the stock a “hold” rating in a research report on Thursday, July 17th. Mizuho cut their target price on shares of Shift4 Payments from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Finally, Morgan Stanley dropped their price target on shares of Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $112.65.

Shift4 Payments Stock Down 2.9%

Shares of FOUR stock opened at $75.56 on Thursday. Shift4 Payments, Inc. has a twelve month low of $68.09 and a twelve month 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’s 50 day simple moving average is $84.80 and its 200 day simple moving average is $88.96. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 0.78 and a beta of 1.69.

Shift4 Payments (NYSE:FOUR) last announced 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 company’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter last year, the business earned $0.96 EPS. As a group, research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insiders Place Their Bets

In other news, CEO David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total value 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. The trade was a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Jared Isaacman acquired 104,705 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was acquired at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. Company insiders own 25.15% of the company’s stock.

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.