Exchange Traded Concepts LLC Has $2.28 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

Exchange Traded Concepts LLC lifted its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 3.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 25,705 shares of the company’s stock after buying an additional 876 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Shift4 Payments were worth $2,277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FOUR. Centaurus Financial Inc. lifted its position in Shift4 Payments by 2.6% during the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after acquiring an additional 119 shares during the last quarter. Lewis Asset Management LLC boosted its stake in Shift4 Payments by 3.2% in the 1st quarter. Lewis Asset Management LLC now owns 5,585 shares of the company’s stock valued at $369,000 after purchasing an additional 175 shares during the period. First Dallas Securities Inc. boosted its stake in Shift4 Payments by 1.8% in the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock valued at $844,000 after purchasing an additional 200 shares during the period. J.Safra Asset Management Corp grew its holdings in Shift4 Payments by 25.7% in the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock valued at $72,000 after buying an additional 202 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Shift4 Payments by 3.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock worth $477,000 after buying an additional 210 shares during the period. Institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. William Blair assumed coverage on shares of Shift4 Payments in a research report on Wednesday, September 4th. They issued an “outperform” rating for the company. Susquehanna reissued a “positive” rating and issued a $97.00 target price on shares of Shift4 Payments in a research report on Thursday, September 12th. Benchmark reissued a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research report on Thursday, September 5th. BTIG Research boosted their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group boosted their target price on shares of Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.40.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Down 2.4 %

FOUR stock opened at $94.04 on Tuesday. The stock has a market capitalization of $8.23 billion, a P/E ratio of 63.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.64. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. Shift4 Payments, Inc. has a 12 month low of $42.91 and a 12 month high of $96.90. The firm has a 50-day moving average price of $82.36 and a 200-day moving average price of $72.56.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.09. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The company had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The firm’s revenue was up 40.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.11 EPS 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.