Argyle Capital Management LLC Invests $1.03 Million in Shift4 Payments, Inc. (NYSE:FOUR)

Argyle Capital Management LLC bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,600 shares of the company's stock, valued at approximately $1,030,000.

Several other institutional investors have also modified their holdings of FOUR. SG Americas Securities LLC increased its holdings in Shift4 Payments by 253.0% during the 1st quarter. SG Americas Securities LLC now owns 11,705 shares of the company's stock worth $956,000 after purchasing an additional 8,389 shares during the period. Fifth Third Bancorp increased its position in shares of Shift4 Payments by 4.1% in the 1st quarter. Fifth Third Bancorp now owns 4,646 shares of the company's stock valued at $380,000 after purchasing an additional 181 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Shift4 Payments by 35.7% in the 4th quarter. Cerity Partners LLC now owns 4,629 shares of the company's stock valued at $480,000 after purchasing an additional 1,218 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Shift4 Payments by 54.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company's stock worth $98,000 after purchasing an additional 424 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in Shift4 Payments by 24.0% in the first quarter. Spire Wealth Management now owns 1,012 shares of the company's stock valued at $83,000 after buying an additional 196 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Trading Up 3.4%

FOUR stock traded up $3.35 during midday trading on Friday, hitting $101.89. The stock had a trading volume of 1,163,430 shares, compared to its average volume of 1,687,124. The company's 50-day moving average price is $91.08 and its 200 day moving average price is $95.78. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $9.03 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 0.73 and a beta of 1.80. Shift4 Payments, Inc. has a 12-month low of $57.45 and a 12-month high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.31. The firm had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. The firm's revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. On average, equities research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FOUR. BTIG Research reduced their price objective on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Susquehanna boosted their target price on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a report on Wednesday, April 30th. Keefe, Bruyette & Woods cut their target price on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Piper Sandler dropped their price objective on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Barclays decreased their target price on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $115.35.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction dated Monday, June 16th. The stock was 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Karen Roter Davis sold 2,757 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $260,619.21. Following the completion of the transaction, the director owned 6,592 shares in the company, valued at $623,141.76. The trade was a 29.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is owned by insiders.

Shift4 Payments Company 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.