General Equity Holdings LP Makes New $6.03 Million Investment in Shift4 Payments, Inc. $FOUR

General Equity Holdings LP bought a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 60,800 shares of the company’s stock, valued at approximately $6,026,000. Shift4 Payments accounts for approximately 4.6% of General Equity Holdings LP’s holdings, making the stock its 5th biggest position. General Equity Holdings LP owned approximately 0.07% of Shift4 Payments at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers lifted its position in shares of Shift4 Payments by 27.0% in the 1st quarter. Cetera Investment Advisers now owns 4,583 shares of the company’s stock valued at $374,000 after acquiring an additional 974 shares in the last quarter. Swiss National Bank grew its position in Shift4 Payments by 2.3% during the 1st quarter. Swiss National Bank now owns 118,100 shares of the company’s stock worth $9,650,000 after purchasing an additional 2,700 shares in the last quarter. Nuveen LLC acquired a new stake in Shift4 Payments during the 1st quarter valued at $12,312,000. Fox Run Management L.L.C. purchased a new stake in shares of Shift4 Payments in the first quarter valued at $555,000. Finally, Global Endowment Management LP acquired a new stake in shares of Shift4 Payments in the first quarter worth $476,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Shift4 Payments

In related news, insider James J. Whalen sold 1,438 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.50, for a total value of $102,817.00. Following the completion of the sale, the insider directly owned 54,736 shares in the company, valued at approximately $3,913,624. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 25.15% of the company’s stock.

Wall Street Analyst Weigh In

FOUR has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Truist Financial dropped their target price on Shift4 Payments from $80.00 to $74.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Loop Capital set a $80.00 price target on shares of Shift4 Payments in a research report on Thursday. Royal Bank Of Canada lowered their price objective on shares of Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Finally, DA Davidson dropped their price objective on shares of Shift4 Payments from $114.00 to $104.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus price target of $96.95.

Shift4 Payments Trading Down 0.4%

Shares of NYSE FOUR opened at $68.72 on Friday. The business has a 50 day simple moving average of $71.64 and a 200 day simple moving average of $85.45. Shift4 Payments, Inc. has a 52 week low of $61.23 and a 52 week high of $127.50. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 0.70 and a beta of 1.68. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.38 and a current ratio of 1.38.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm earned $1.04 earnings per share. Shift4 Payments’s revenue was up 61.4% compared to the same quarter last year. On average, research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

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.