14B Captial Management LP Purchases 39,000 Shares of Shift4 Payments, Inc. $FOUR

Key Points

• 14B Capital Management LP increased its stake in Shift4 Payments by 8.0% during Q1, owning a total of 525,000 shares valued at approximately $42.9 million, making it the fund's largest holding.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Shift4 Payments, with target prices ranging from $97.00 to $140.00, indicating bullish sentiment on the stock's future performance.
• Insider transactions revealed that executives sold 14,551 shares of Shift4 Payments stock within the last quarter, highlighting a 5.63% decrease in CFO Nancy Disman's ownership after selling 10,000 shares.

14B Captial Management LP raised its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 8.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 525,000 shares of the company's stock after acquiring an additional 39,000 shares during the period. Shift4 Payments makes up about 17.9% of 14B Captial Management LP's investment portfolio, making the stock its largest position. 14B Captial Management LP owned 0.59% of Shift4 Payments worth $42,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in Shift4 Payments in the 4th quarter valued at $26,000. SRH Advisors LLC bought a new position in shares of Shift4 Payments in the first quarter worth about $26,000. Elequin Capital LP grew its holdings in shares of Shift4 Payments by 62.3% in the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after purchasing an additional 114 shares during the last quarter. Harbour Investments Inc. bought a new position in shares of Shift4 Payments in the first quarter worth about $32,000. Finally, Valley National Advisers Inc. grew its holdings in shares of Shift4 Payments by 41.7% in the first quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a report on Thursday, July 17th. They issued a "buy" rating and a $120.00 price target on the stock. Raymond James Financial restated a "strong-buy" rating and issued a $140.00 price target (up from $130.00) on shares of Shift4 Payments in a report on Friday, August 1st. Wall Street Zen cut shares of Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. DA Davidson restated a "buy" rating and issued a $124.00 price target on shares of Shift4 Payments in a report on Thursday, June 5th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Shift4 Payments from $110.00 to $100.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.21.

Shift4 Payments Stock Up 0.1%

Shares of NYSE:FOUR traded up $0.06 during trading on Friday, reaching $87.58. The stock had a trading volume of 1,403,172 shares, compared to its average volume of 1,565,793. Shift4 Payments, Inc. has a one year low of $68.09 and a one year high of $127.50. The company has a market capitalization of $7.74 billion, a P/E ratio of 32.44, a PEG ratio of 0.87 and a beta of 1.72. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The firm's 50-day simple moving average is $96.18 and its 200 day simple moving average is $90.70.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released 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 net margin of 6.11% and a return on equity of 37.05%. The firm had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. During the same quarter in the prior year, the business posted $0.96 earnings per share. The firm's quarterly revenue was up 28.9% on a year-over-year basis. As a group, research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total value of $221,475.00. Following the sale, the chief executive officer directly owned 285,588 shares in the company, valued at approximately $25,300,240.92. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $90.33, for a total transaction of $903,300.00. Following the completion of the sale, the chief financial officer owned 167,622 shares in the company, valued at $15,141,295.26. This represents a 5.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,051 shares of company stock worth $1,551,297. Insiders own 25.15% of the company's stock.

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.