Wasatch Advisors LP Raises Position in Shift4 Payments, Inc. (NYSE:FOUR)

Wasatch Advisors LP grew its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 34.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 3,451,361 shares of the company’s stock after purchasing an additional 881,216 shares during the period. Shift4 Payments comprises 1.2% of Wasatch Advisors LP’s investment portfolio, making the stock its 28th largest position. Wasatch Advisors LP’s holdings in Shift4 Payments were worth $228,031,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FOUR. Kodai Capital Management LP bought a new position in Shift4 Payments during the 4th quarter valued at about $59,520,000. Jennison Associates LLC lifted its position in Shift4 Payments by 25.7% during the fourth quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock valued at $218,936,000 after purchasing an additional 601,749 shares during the period. Foxhaven Asset Management LP purchased a new stake in Shift4 Payments in the fourth quarter worth approximately $38,879,000. Norges Bank purchased a new stake in Shift4 Payments in the fourth quarter worth approximately $26,935,000. Finally, Thematics Asset Management bought a new stake in Shift4 Payments in the 4th quarter worth approximately $17,842,000. Institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction on Friday, June 7th. The shares were sold at an average price of $72.06, for a total value of $72,060.00. Following the sale, the director now directly owns 9,474 shares in the company, valued at approximately $682,696.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jared Isaacman bought 39,135 shares of the stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average cost of $64.04 per share, for a total transaction of $2,506,205.40. Following the transaction, the chief executive officer now owns 621,962 shares of the company’s stock, valued at $39,830,446.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $72.06, for a total transaction of $72,060.00. Following the completion of the sale, the director now owns 9,474 shares in the company, valued at approximately $682,696.44. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wedbush started coverage on Shift4 Payments in a report on Friday, May 24th. They set a “neutral” rating and a $75.00 price target on the stock. Morgan Stanley dropped their target price on Shift4 Payments from $70.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Wells Fargo & Company reduced their price target on shares of Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Mizuho dropped their price objective on shares of Shift4 Payments from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, May 13th. Finally, DA Davidson reaffirmed a “buy” rating and set a $96.00 target price on shares of Shift4 Payments in a report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $83.67.

Shift4 Payments Price Performance

FOUR stock traded down $0.26 during trading on Tuesday, reaching $73.58. The company’s stock had a trading volume of 762,240 shares, compared to its average volume of 1,394,525. The company’s fifty day moving average is $67.18 and its 200-day moving average is $71.01. Shift4 Payments, Inc. has a 1 year low of $42.91 and a 1 year high of $92.30. The company has a market capitalization of $6.44 billion, a P/E ratio of 49.38, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.96.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Thursday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. The business had revenue of $263.70 million for the quarter, compared to analysts’ expectations of $268.55 million. On average, research analysts expect that Shift4 Payments, Inc. will post 3.01 earnings per share for the current fiscal year.

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.