Marathon Trading Investment Management LLC Takes $825,000 Position in Shift4 Payments, Inc. $FOUR

Key Points

• Marathon Trading Investment Management LLC acquired 10,100 shares of Shift4 Payments, Inc., valued at approximately $825,000, during the first quarter, highlighting institutional interest in the company.
• Shift4 Payments has experienced a mixed reception from analysts, with six analysts rating it as a hold and fourteen giving it a buy rating, indicating varied confidence in its performance.
• Recent insider transactions showed that CFO Nancy Disman sold 10,000 shares of Shift4 Payments, representing a 5.63% decrease in her holdings, which may reflect management's sentiment amid fluctuating stock prices.

Marathon Trading Investment Management LLC bought a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,100 shares of the company's stock, valued at approximately $825,000.

Several other institutional investors also recently bought and sold shares of FOUR. Heck Capital Advisors LLC purchased a new position in Shift4 Payments in the fourth quarter valued at $26,000. Elequin Capital LP grew its position in Shift4 Payments by 62.3% in the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after buying an additional 114 shares during the last quarter. SRH Advisors LLC purchased a new position in Shift4 Payments during the 1st quarter worth $26,000. Morse Asset Management Inc acquired a new stake in Shift4 Payments in the fourth quarter valued at about $36,000. Finally, Harbour Investments Inc. purchased a new stake in shares of Shift4 Payments in the first quarter valued at approximately $32,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FOUR. Wells Fargo & Company increased their target price on shares of Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Piper Sandler decreased their price target on shares of Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th. BTIG Research reaffirmed a "buy" rating on shares of Shift4 Payments in a research report on Tuesday, August 5th. Susquehanna upped their price target on shares of Shift4 Payments from $100.00 to $125.00 and gave the stock a "positive" rating in a research report on Wednesday, April 30th. Finally, UBS Group dropped their target price on shares of Shift4 Payments from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $114.40.

Insider Activity

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $94,530.00. Following the completion of the transaction, the director owned 7,474 shares in the company, valued at $706,517.22. This represents a 11.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Jared Isaacman bought 104,705 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the acquisition, the chairman owned 939,715 shares of the company's stock, valued at $78,569,571.15. This represents a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 13,757 shares of company stock worth $1,258,449 over the last ninety days. 25.15% of the stock is owned by company insiders.

Shift4 Payments Stock Performance

NYSE:FOUR traded up $1.65 during trading hours on Friday, reaching $90.76. 2,311,145 shares of the stock were exchanged, compared to its average volume of 2,353,382. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The stock has a market capitalization of $8.03 billion, a P/E ratio of 33.61, a P/E/G ratio of 0.90 and a beta of 1.81. Shift4 Payments, Inc. has a 52 week low of $68.09 and a 52 week high of $127.50. The firm has a 50 day simple moving average of $97.48 and a 200-day simple moving average of $93.57.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%. The company had revenue of $413.40 million for the quarter, compared to analyst estimates of $967.84 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The firm's revenue for the quarter was up 28.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 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.