HMS Capital Management LLC Buys 1,203 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

HMS Capital Management LLC raised its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 35.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,613 shares of the company’s stock after acquiring an additional 1,203 shares during the period. HMS Capital Management LLC’s holdings in Shift4 Payments were worth $409,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FOUR. The Manufacturers Life Insurance Company grew its position in Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after acquiring an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc grew its position in Shift4 Payments by 6,185.0% in the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock valued at $80,358,000 after acquiring an additional 1,078,115 shares during the period. Westfield Capital Management Co. LP grew its position in Shift4 Payments by 72.8% in the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after acquiring an additional 561,707 shares during the period. Senator Investment Group LP grew its position in Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after acquiring an additional 555,737 shares during the period. Finally, Scout Investments Inc. bought a new stake in Shift4 Payments in the first quarter valued at $34,108,000. 98.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FOUR has been the topic of a number of recent analyst reports. DA Davidson boosted their price objective on Shift4 Payments from $104.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Morgan Stanley boosted their price objective on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a report on Thursday, September 5th. BTIG Research boosted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company raised their target price on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $95.53.

Insider Activity at Shift4 Payments

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

Shift4 Payments Trading Down 0.2 %

NYSE:FOUR opened at $90.00 on Wednesday. Shift4 Payments, Inc. has a fifty-two week low of $45.92 and a fifty-two week high of $96.96. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market capitalization of $7.97 billion, a PE ratio of 54.55, a price-to-earnings-growth ratio of 1.03 and a beta of 1.64. The business’s 50-day simple moving average is $87.38 and its 200-day simple moving average is $75.44.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The business had revenue of $320.60 million for the quarter, compared to analyst estimates of $314.10 million. During the same quarter last year, the firm earned $0.58 EPS. Shift4 Payments’s revenue for the quarter was up 40.6% compared to the same quarter last year. Sell-side analysts expect that Shift4 Payments, Inc. will post 3.11 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.