B. Metzler seel. Sohn & Co. AG Has $3 Million Stake in Shift4 Payments, Inc. $FOUR

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its holdings in Shift4 Payments, Inc. by 22.4%, owning 36,668 shares valued at $2,996,000 after selling 10,559 shares in the first quarter.
• The company's recent earnings report indicated earnings per share of $1.10, which missed expectations of $1.20, with revenues significantly lower than forecasts at $413.40 million.
• Shift4 Payments has a market capitalization of $8.09 billion; its stock price has fluctuated between a fifty-two week low of $68.09 and a high of $127.50.

B. Metzler seel. Sohn & Co. AG trimmed its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 22.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,668 shares of the company's stock after selling 10,559 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Shift4 Payments were worth $2,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Orion Capital Management LLC grew its holdings in Shift4 Payments by 2.6% in the 1st quarter. Orion Capital Management LLC now owns 7,945 shares of the company's stock worth $649,000 after buying an additional 200 shares in the last quarter. Thematics Asset Management boosted its stake in Shift4 Payments by 2.8% during the 1st quarter. Thematics Asset Management now owns 209,713 shares of the company's stock valued at $17,136,000 after purchasing an additional 5,713 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Shift4 Payments by 396.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,108 shares of the company's stock valued at $91,000 after purchasing an additional 885 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Shift4 Payments by 13.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,253,401 shares of the company's stock valued at $102,420,000 after purchasing an additional 144,111 shares in the last quarter. Finally, MIG Capital LLC bought a new position in Shift4 Payments during the 1st quarter valued at $501,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Stock Down 0.9%

Shares of FOUR traded down $0.82 during mid-day trading on Wednesday, reaching $88.33. The company's stock had a trading volume of 428,647 shares, compared to its average volume of 1,810,198. The business has a fifty day moving average of $96.77 and a 200 day moving average of $91.31. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 0.90 and a beta of 1.72. Shift4 Payments, Inc. has a 1 year low of $68.09 and a 1 year high of $127.50. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. Shift4 Payments's revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 EPS. As a group, analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FOUR shares. UBS Group decreased their price target on Shift4 Payments from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Truist Financial raised their price objective on Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Piper Sandler reduced their price objective on Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating for the company in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research note on Thursday, July 17th. They set a "buy" rating and a $120.00 price objective for the company. Finally, DA Davidson reissued a "buy" rating and set a $124.00 price objective on shares of Shift4 Payments in a research note on Thursday, June 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $114.40.

Insider Buying and Selling at Shift4 Payments

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction 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 completion of the sale, the director directly owned 7,474 shares in the company, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jared Isaacman bought 104,705 shares of the stock in a transaction on Monday, August 11th. The shares were acquired at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the transaction, the chairman directly owned 939,715 shares of the company's stock, valued at approximately $78,569,571.15. The trade was a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 14,551 shares of company stock valued at $1,329,822 in the last quarter. Corporate 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.