AXQ Capital LP Buys New Shares in Shift4 Payments, Inc. $FOUR

AXQ Capital LP purchased a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the second quarter, according to its most recent filing with the SEC. The firm purchased 11,452 shares of the company’s stock, valued at approximately $1,135,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Handelsbanken Fonder AB grew its stake in Shift4 Payments by 1.3% during the second quarter. Handelsbanken Fonder AB now owns 15,900 shares of the company’s stock worth $1,576,000 after purchasing an additional 200 shares during the period. Main Management ETF Advisors LLC boosted its holdings in shares of Shift4 Payments by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 8,063 shares of the company’s stock worth $799,000 after buying an additional 132 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of Shift4 Payments by 17.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,090,577 shares of the company’s stock worth $108,087,000 after buying an additional 159,301 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of Shift4 Payments in the 2nd quarter valued at $654,000. Finally, Cetera Investment Advisers lifted its position in shares of Shift4 Payments by 18.8% during the 2nd quarter. Cetera Investment Advisers now owns 5,443 shares of the company’s stock valued at $539,000 after acquiring an additional 860 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

Shares of FOUR opened at $68.93 on Friday. Shift4 Payments, Inc. has a 52-week low of $61.23 and a 52-week high of $127.50. The stock’s 50-day simple moving average is $75.33 and its 200 day simple moving average is $87.42. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.71.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.03). Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company earned $1.04 earnings per share. The company’s quarterly revenue was up 61.4% on a year-over-year basis. Shift4 Payments has set its FY 2025 guidance at EPS. Research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Oppenheimer decreased their price target on shares of Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Morgan Stanley reduced their target price on Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Friday, October 3rd. UBS Group decreased their price target on shares of Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, November 7th. The Goldman Sachs Group lowered their price objective on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Royal Bank Of Canada lowered their target price on shares of Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

Insider Buying and Selling at Shift4 Payments

In related news, CEO David Taylor Lauber sold 2,500 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total value of $221,475.00. Following the sale, the chief executive officer owned 285,588 shares in the company, valued at approximately $25,300,240.92. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James J. Whalen sold 1,438 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $71.50, for a total value of $102,817.00. Following the transaction, the insider owned 54,736 shares of the company’s stock, valued at approximately $3,913,624. The trade was a 2.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 25.15% of the stock is owned by company insiders.

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.