Blair William & Co. IL Boosts Stake in Shift4 Payments, Inc. $FOUR

Key Points

• Blair William & Co. IL increased its stake in Shift4 Payments by 2.8%, owning nearly 238,000 shares valued at approximately $23.6 million.
• Shift4 Payments has experienced mixed analyst ratings, with target prices ranging from $86.00 to $120.00, and a consensus rating of "Moderate Buy."
• The company reported $1.10 EPS for Q2, missing estimates, and had revenues of $413.40 million, reflecting a 28.9% year-over-year increase.

Blair William & Co. IL raised its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 237,991 shares of the company's stock after acquiring an additional 6,569 shares during the quarter. Blair William & Co. IL owned approximately 0.27% of Shift4 Payments worth $23,587,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in Shift4 Payments by 253.0% during the first quarter. SG Americas Securities LLC now owns 11,705 shares of the company's stock valued at $956,000 after purchasing an additional 8,389 shares in the last quarter. Fifth Third Bancorp boosted its holdings 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 buying an additional 181 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Shift4 Payments by 54.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company's stock valued at $98,000 after buying an additional 424 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Shift4 Payments by 5.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company's stock worth $298,000 after buying an additional 194 shares during the last quarter. Finally, Spire Wealth Management raised its stake in shares of Shift4 Payments by 24.0% during the 1st quarter. Spire Wealth Management now owns 1,012 shares of the company's stock worth $83,000 after acquiring an additional 196 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Shift4 Payments

In other news, insider James J. Whalen sold 794 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the transaction, the insider owned 56,324 shares of the company's stock, valued at $5,062,964.36. The trade was a 1.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Taylor Lauber sold 2,500 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total value of $221,475.00. Following the completion of the sale, the chief executive officer owned 285,588 shares in the company, valued at $25,300,240.92. The trade was a 0.87% decrease in their position. The disclosure for this sale can be found here. 25.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FOUR has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Shift4 Payments from $97.00 to $109.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Morgan Stanley decreased their price objective on Shift4 Payments from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Friday, October 3rd. Mizuho dropped their target price on Shift4 Payments from $107.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods reduced their target price on Shift4 Payments from $100.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a report on Thursday, July 17th. They issued a "buy" rating and a $120.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Shift4 Payments currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.65.

Shift4 Payments Price Performance

Shares of NYSE:FOUR opened at $79.40 on Friday. Shift4 Payments, Inc. has a twelve month low of $68.09 and a twelve month high of $127.50. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The company has a market cap of $7.02 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 0.79 and a beta of 1.69. The company's 50 day moving average is $86.11 and its 200 day moving average is $89.22.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The business's revenue was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. On average, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.