Y Intercept Hong Kong Ltd Takes Position in Shift4 Payments, Inc. $FOUR

Y Intercept Hong Kong Ltd purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,656 shares of the company’s stock, valued at approximately $660,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SRH Advisors LLC acquired a new stake in shares of Shift4 Payments in the first quarter valued at approximately $26,000. Banque Transatlantique SA acquired a new stake in shares of Shift4 Payments in the first quarter valued at approximately $27,000. Harbour Investments Inc. acquired a new stake in shares of Shift4 Payments in the first quarter valued at approximately $32,000. Advisors Asset Management Inc. increased its holdings in shares of Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Shift4 Payments in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FOUR. Truist Financial set a $80.00 price target on shares of Shift4 Payments in a report on Friday, October 24th. DA Davidson lowered their price target on shares of Shift4 Payments from $124.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Piper Sandler lowered their price target on shares of Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $104.00 target price on shares of Shift4 Payments in a report on Wednesday, August 6th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven 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 a consensus price target of $107.85.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $67.62 on Thursday. Shift4 Payments, Inc. has a 12-month low of $66.11 and a 12-month high of $127.50. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 0.68 and a beta of 1.71. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The firm has a fifty day moving average of $80.04 and a 200-day moving average of $88.50.

Shift4 Payments (NYSE:FOUR) last announced 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). Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The firm had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. During the same period last year, the firm earned $0.96 EPS. Shift4 Payments’s quarterly revenue was up 28.9% on a year-over-year basis. On average, equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Activity

In other news, Chairman Jared Isaacman purchased 104,705 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was bought at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the acquisition, the chairman directly owned 939,715 shares of the company’s stock, valued at approximately $78,569,571.15. This represents a 12.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the transaction, the chief executive officer directly owned 285,588 shares of the company’s stock, valued at approximately $25,300,240.92. The trade was a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 25.15% of the stock is owned by company insiders.

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.