Black Swift Group LLC Has $4.32 Million Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Black Swift Group LLC lifted its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 225.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 48,750 shares of the company’s stock after acquiring an additional 33,750 shares during the period. Shift4 Payments comprises 1.0% of Black Swift Group LLC’s investment portfolio, making the stock its 22nd largest position. Black Swift Group LLC’s holdings in Shift4 Payments were worth $4,319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FOUR. Senator Investment Group LP boosted its stake in shares of Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after purchasing an additional 555,737 shares in the last quarter. Forge First Asset Management Inc. acquired a new position in Shift4 Payments in the 1st quarter valued at approximately $1,242,000. Artemis Investment Management LLP raised its stake in shares of Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after acquiring an additional 242,684 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Shift4 Payments by 7.1% during the first quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock worth $14,465,000 after purchasing an additional 14,438 shares during the period. Finally, Coronation Fund Managers Ltd. acquired a new stake in Shift4 Payments in the second quarter valued at $1,378,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on Friday, September 13th. The stock was 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Shift4 Payments Price Performance

Shares of NYSE:FOUR opened at $100.51 on Thursday. The company has a market capitalization of $8.91 billion, a P/E ratio of 55.09, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64. The company’s 50-day moving average is $89.89 and its 200 day moving average is $77.22. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $106.31.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. The firm had revenue of $365.10 million during the quarter, compared to the consensus estimate of $369.07 million. On average, equities research analysts forecast that Shift4 Payments, Inc. will post 3.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FOUR has been the subject of several recent research reports. BTIG Research increased their price target on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their price objective on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays started coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price for the company. Benchmark reissued a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a research report on Thursday, September 5th. Finally, DA Davidson lifted their target price on Shift4 Payments from $104.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.10.

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.