Bosman Wealth Management LLC Trims Stock Position in Shift4 Payments, Inc. $FOUR

Key Points

• Bosman Wealth Management LLC reduced its stake in Shift4 Payments, Inc. by 18.3%, owning 35,779 shares valued at approximately $3.55 million as of the latest SEC filing.
• Shift4 Payments reported a quarterly earnings miss with $1.10 EPS, falling short of the analysts' consensus of $1.20 EPS, and revenue of $413.4 million against expectations of $967.84 million.
• CEO David Taylor Lauber sold 2,500 shares of the company's stock, while Chairman Jared Isaacman purchased 104,705 shares, indicating mixed insider sentiment.

Bosman Wealth Management LLC lessened its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 18.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,779 shares of the company's stock after selling 8,019 shares during the quarter. Shift4 Payments comprises about 3.2% of Bosman Wealth Management LLC's holdings, making the stock its 11th biggest holding. Bosman Wealth Management LLC's holdings in Shift4 Payments were worth $3,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. S.A. Mason LLC lifted its position in shares of Shift4 Payments by 1.9% during the 2nd quarter. S.A. Mason LLC now owns 5,377 shares of the company's stock worth $533,000 after buying an additional 102 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of Shift4 Payments by 41.7% during the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after buying an additional 125 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its position in shares of Shift4 Payments by 31.4% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company's stock worth $43,000 after buying an additional 127 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Shift4 Payments by 1.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 16,709 shares of the company's stock valued at $1,365,000 after purchasing an additional 170 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its position in Shift4 Payments by 5.7% in the 1st quarter. J.Safra Asset Management Corp now owns 3,194 shares of the company's stock valued at $261,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Down 0.2%

Shares of Shift4 Payments stock opened at $79.00 on Tuesday. The company has a market cap of $6.99 billion, a P/E ratio of 29.26, a PEG ratio of 0.78 and a beta of 1.72. 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, Inc. has a one year low of $68.09 and a one year high of $127.50. The firm has a fifty day moving average of $90.46 and a two-hundred day moving average of $89.77.

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 analysts' consensus estimates of $1.20 by ($0.10). The firm 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 firm's quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. On average, analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other news, CEO David Taylor Lauber sold 2,500 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total transaction of $221,475.00. Following the transaction, the chief executive officer directly owned 285,588 shares of the company's stock, valued at $25,300,240.92. This represents a 0.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Jared Isaacman purchased 104,705 shares of the stock in a transaction dated Monday, August 11th. The shares were bought at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the purchase, the chairman 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. Corporate insiders own 25.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on FOUR shares. Keefe, Bruyette & Woods reduced their price target on shares of Shift4 Payments from $110.00 to $100.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. B. Riley reiterated a "buy" rating on shares of Shift4 Payments in a research report on Monday, June 2nd. UBS Group reduced their price target on shares of Shift4 Payments from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. DA Davidson reiterated a "buy" rating and issued a $124.00 price target on shares of Shift4 Payments in a research report on Thursday, June 5th. Finally, BTIG Research reiterated a "buy" rating on shares of Shift4 Payments in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Shift4 Payments presently has an average rating of "Moderate Buy" and a consensus price target of $115.21.

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.

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