Nuveen LLC Invests $12.31 Million in Shift4 Payments, Inc. $FOUR

Key Points

• Nuveen LLC has acquired 150,675 shares of Shift4 Payments, valued at approximately $12.3 million, representing about 0.17% of the company's total shares.
• Analysts have recently adjusted their price targets for Shift4 Payments, with Wells Fargo raising it to $111.00 and UBS lowering it to $115.00, reflecting differing outlooks on the stock's performance.
• Shift4 Payments reported earnings per share of $1.10 in its latest quarter, missing analyst estimates of $1.20, while achieving a revenue of $413.4 million, up 28.9% year-over-year.

Nuveen LLC acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 150,675 shares of the company's stock, valued at approximately $12,312,000. Nuveen LLC owned 0.17% of Shift4 Payments at the end of the most recent quarter.

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

Insider Activity at Shift4 Payments

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the sale, the director owned 7,474 shares of the company's stock, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James J. Whalen sold 794 shares of Shift4 Payments stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $89.89, for a total value of $71,372.66. Following the sale, the insider directly owned 56,324 shares in the company, valued at $5,062,964.36. The trade was a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,551 shares of company stock worth $1,329,822 in the last three months. Company insiders own 25.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FOUR. The Goldman Sachs Group reaffirmed a "buy" rating and set a $104.00 price target on shares of Shift4 Payments in a research note on Wednesday, August 6th. Benchmark raised Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada cut their price target on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Truist Financial raised their price target on Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Finally, Wall Street Zen downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Shift4 Payments has an average rating of "Moderate Buy" and a consensus target price of $114.40.

Shift4 Payments Stock Performance

NYSE FOUR traded up $0.97 during trading on Wednesday, hitting $90.44. The company's stock had a trading volume of 1,012,261 shares, compared to its average volume of 2,528,326. 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 firm has a 50 day moving average price of $97.04 and a 200 day moving average price of $92.30. The firm has a market cap of $8.00 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 0.88 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.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.10). The business had revenue of $413.40 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.96 earnings per share. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 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.