Fox Run Management L.L.C. Takes Position in Shift4 Payments, Inc. $FOUR

Key Points

• Fox Run Management L.L.C. has invested $555,000 in Shift4 Payments by acquiring 6,798 shares during the first quarter.
• Institutional investors own 98.87% of Shift4 Payments, indicating strong interest from larger financial entities.
• The company reported a net margin of 6.11% and earnings of $1.10 per share for the last quarter, missing analysts' estimates.

Fox Run Management L.L.C. acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,798 shares of the company's stock, valued at approximately $555,000.

A number of other hedge funds have also made changes to their positions in FOUR. Perpetual Ltd purchased a new position in Shift4 Payments during the 1st quarter worth approximately $56,863,000. Cat Rock Capital Management LP purchased a new position in Shift4 Payments during the 4th quarter worth approximately $39,222,000. Darlington Partners Capital Management LP grew its stake in Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock worth $260,489,000 after buying an additional 367,500 shares during the last quarter. Northern Trust Corp grew its stake in Shift4 Payments by 84.4% during the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company's stock worth $54,068,000 after buying an additional 238,478 shares during the last quarter. Finally, Spyglass Capital Management LLC grew its stake in Shift4 Payments by 22.7% during the 4th quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company's stock worth $101,897,000 after buying an additional 181,539 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Performance

NYSE:FOUR traded up $2.2880 during mid-day trading on Friday, reaching $91.0380. The stock had a trading volume of 1,183,416 shares, compared to its average volume of 2,478,720. Shift4 Payments, Inc. has a twelve month low of $68.09 and a twelve month high of $127.50. The business has a 50 day simple moving average of $97.13 and a 200 day simple moving average of $92.74. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 0.90 and a beta of 1.81. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53.

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. On average, analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

FOUR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a research note on Thursday, July 17th. They set a "buy" rating and a $120.00 price target on the stock. William Blair restated an "outperform" rating on shares of Shift4 Payments 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. The Goldman Sachs Group restated a "buy" rating and set a $104.00 price target on shares of Shift4 Payments in a research note on Wednesday, August 6th. Finally, Keefe, Bruyette & Woods dropped their price target on Shift4 Payments from $110.00 to $100.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.40.

Insiders Place Their Bets

In other news, Director Karen Roter Davis sold 2,757 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $260,619.21. Following the completion of the sale, the director directly owned 6,592 shares of the company's stock, valued at $623,141.76. This trade represents a 29.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Jared Isaacman purchased 104,705 shares of Shift4 Payments stock in a transaction dated Monday, August 11th. The stock was acquired at an average cost of $83.61 per share, with a total value of $8,754,385.05. Following the completion of the acquisition, the chairman directly owned 939,715 shares in the company, valued at approximately $78,569,571.15. This trade represents a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 14,551 shares of company stock worth $1,329,822. Corporate insiders own 25.15% of the company's stock.

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.