12,652 Shares in Shift4 Payments, Inc. $FOUR Bought by TD Asset Management Inc

Key Points

• TD Asset Management Inc purchased 12,652 shares of Shift4 Payments, Inc., valued at approximately $1,254,000, signaling increased institutional interest in the company.
• Chairman Jared Isaacman bought 104,705 shares for $8.75 million, raising his ownership by 12.54% and demonstrating significant confidence in Shift4 Payments.
• Shift4 Payments reported a miss in EPS expectations for the last quarter, with earnings of $1.10 per share, contrasted with analysts' estimates of $1.20.

TD Asset Management Inc acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,652 shares of the company's stock, valued at approximately $1,254,000.

Several other institutional investors and hedge funds have also made changes to their positions in FOUR. SRH Advisors LLC acquired a new position in shares of Shift4 Payments during the 1st quarter worth about $26,000. Banque Transatlantique SA acquired a new position in shares of Shift4 Payments during the 1st quarter worth about $27,000. Harbour Investments Inc. acquired a new position in shares of Shift4 Payments during the 1st quarter worth about $32,000. Valley National Advisers Inc. boosted its position in shares of Shift4 Payments by 41.7% during the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after acquiring an additional 125 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Shift4 Payments by 100.0% during the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company's stock worth $35,000 after acquiring an additional 217 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Jared Isaacman bought 104,705 shares of the stock in a transaction on Monday, August 11th. The shares were purchased at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the acquisition, the chairman owned 939,715 shares in the company, valued at $78,569,571.15. This represents a 12.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James J. Whalen sold 794 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the sale, the insider owned 56,324 shares in the company, valued at approximately $5,062,964.36. This trade represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders own 25.15% of the company's stock.

Shift4 Payments Stock Down 2.1%

FOUR opened at $75.32 on Thursday. The company has a market cap of $6.66 billion, a PE ratio of 27.90, a P/E/G ratio of 0.77 and a beta of 1.69. The business has a 50 day moving average price of $83.82 and a two-hundred day moving average price of $88.78. Shift4 Payments, Inc. has a 52 week low of $68.09 and a 52 week high of $127.50. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Shift4 Payments in a research report on Tuesday. They set an "equal weight" rating and a $82.00 price objective for the company. Weiss Ratings raised Shift4 Payments from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. The Goldman Sachs Group reissued a "buy" rating and issued a $104.00 target price on shares of Shift4 Payments in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a report on Thursday, July 17th. They issued a "buy" rating and a $120.00 target price for the company. Finally, BTIG Research reissued a "buy" rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $110.05.

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.

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