Fox Run Management L.L.C. Invests $555,000 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 shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,798 shares of the company's stock, valued at approximately $555,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Darlington Partners Capital Management LP boosted its position 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 valued at $260,489,000 after purchasing an additional 367,500 shares during the period. Spyglass Capital Management LLC boosted its position 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 acquiring an additional 181,539 shares during the period. Perpetual Ltd acquired a new position in Shift4 Payments during the 1st quarter worth $56,863,000. Northern Trust Corp boosted its position 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 acquiring an additional 238,478 shares during the period. Finally, Senator Investment Group LP boosted its position in Shift4 Payments by 4.9% during the 4th quarter. Senator Investment Group LP now owns 512,361 shares of the company's stock worth $53,173,000 after acquiring an additional 23,800 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. B. Riley reiterated a "buy" rating on shares of Shift4 Payments in a research report on Monday, June 2nd. Benchmark upgraded Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. UBS Group reduced their price target on Shift4 Payments from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Wall Street Zen lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research report on Thursday, July 17th. They set a "buy" rating and a $120.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.40.

Shift4 Payments Price Performance

Shares of FOUR traded down $1.6990 during midday trading on Thursday, reaching $88.8010. The stock had a trading volume of 1,173,390 shares, compared to its average volume of 1,846,752. Shift4 Payments, Inc. has a 52 week low of $68.09 and a 52 week high of $127.50. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. The firm's 50 day moving average price is $97.18 and its 200-day moving average price is $93.32. The company has a market capitalization of $7.85 billion, a P/E ratio of 32.89, a P/E/G ratio of 0.89 and a beta of 1.81.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10). The firm 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 firm's quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. On average, analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the sale, the chief financial officer directly owned 167,622 shares of the company's stock, valued at $15,141,295.26. The trade was a 5.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $94,530.00. Following the sale, the director directly owned 7,474 shares in the company, valued at $706,517.22. This trade represents a 11.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,551 shares of company stock valued at $1,329,822 over the last ninety days. Company 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.