Carnegie Investment Counsel Invests $11.48 Million in Shift4 Payments, Inc. $FOUR

Key Points

• Carnegie Investment Counsel has acquired a stake in Shift4 Payments, Inc., purchasing 115,864 shares valued at approximately $11.48 million.
• Shift4 Payments recently reported quarterly earnings, with an EPS of $1.10, missing the estimate of $1.20, while revenue for the quarter was $413.40 million.
• Shift4 Payments' stock has seen varying price targets from analysts, with some adjusting their targets downwards, including Keefe, Bruyette & Woods which lowered theirs from $100 to $90.

Carnegie Investment Counsel acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 115,864 shares of the company's stock, valued at approximately $11,483,000. Carnegie Investment Counsel owned 0.13% of Shift4 Payments as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. SRH Advisors LLC bought a new stake in Shift4 Payments in the first quarter worth about $26,000. Banque Transatlantique SA bought a new stake in shares of Shift4 Payments in the 1st quarter worth approximately $27,000. Harbour Investments Inc. bought a new stake in shares of Shift4 Payments in the 1st quarter worth approximately $32,000. Valley National Advisers Inc. lifted its stake in Shift4 Payments by 41.7% during the first quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock valued at $34,000 after purchasing an additional 125 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Shift4 Payments by 100.0% during the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company's stock worth $35,000 after buying an additional 217 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Trading Up 0.4%

Shift4 Payments stock opened at $76.26 on Friday. Shift4 Payments, Inc. has a 12 month low of $68.09 and a 12 month 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. The stock has a market cap of $6.74 billion, a P/E ratio of 28.24, a P/E/G ratio of 0.77 and a beta of 1.69. The company's fifty day simple moving average is $83.27 and its 200-day simple moving average is $88.81.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.10). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The firm had revenue of $413.40 million for the quarter, compared to analysts' expectations of $967.84 million. During the same quarter in the prior year, the business posted $0.96 earnings per share. Shift4 Payments's revenue was up 28.9% on a year-over-year basis. As a group, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity

In related news, insider James J. Whalen sold 794 shares of the business's stock in a transaction that occurred on 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 sale, the insider owned 56,324 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, CEO David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 285,588 shares in the company, valued at $25,300,240.92. This represents 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.

Analysts Set New Price Targets

Several research analysts have issued reports on FOUR shares. Keefe, Bruyette & Woods dropped their price target on Shift4 Payments from $100.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, October 1st. Mizuho cut their target price on Shift4 Payments from $107.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 8th. Raymond James Financial decreased their price target on Shift4 Payments from $126.00 to $120.00 and set a "strong-buy" rating for the company in a research report on Friday, October 10th. Truist Financial set a $80.00 price target on Shift4 Payments in a research note on Friday. Finally, Piper Sandler cut their target price on shares of Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $108.60.

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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