Empowered Funds LLC Invests $5.64 Million in Shift4 Payments, Inc. $FOUR

Key Points

• Empowered Funds LLC has invested approximately $5.64 million in Shift4 Payments, Inc. by acquiring 69,012 shares, representing 0.08% ownership in the company.
• Several institutional investors, including Elequin Capital LP and Valley National Advisers Inc., have significantly increased their stakes in Shift4 Payments in recent months.
• Shift4 Payments recently reported an EPS of $1.10 for the quarter, falling short of analyst expectations, while also experiencing a 28.9% year-over-year revenue increase.

Empowered Funds LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 69,012 shares of the company's stock, valued at approximately $5,639,000. Empowered Funds LLC owned 0.08% of Shift4 Payments as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Elequin Capital LP grew its position in Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after buying an additional 114 shares during the period. Valley National Advisers Inc. grew its position 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 buying an additional 125 shares during the period. Riggs Asset Managment Co. Inc. grew its position in Shift4 Payments by 31.4% during the first quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company's stock valued at $43,000 after buying an additional 127 shares during the period. Exchange Traded Concepts LLC grew its position in Shift4 Payments by 1.0% during the first quarter. Exchange Traded Concepts LLC now owns 16,709 shares of the company's stock valued at $1,365,000 after buying an additional 170 shares during the period. Finally, J.Safra Asset Management Corp grew its position in Shift4 Payments by 5.7% during the first quarter. J.Safra Asset Management Corp now owns 3,194 shares of the company's stock valued at $261,000 after buying an additional 173 shares during the period. Institutional investors own 98.87% of the company's stock.

Insider Activity

In other news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $90.33, for a total value of $903,300.00. Following the completion of the transaction, the chief financial officer directly owned 167,622 shares in the company, valued at approximately $15,141,295.26. This trade represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred 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 sale, the chief executive officer owned 285,588 shares of the company's stock, valued at approximately $25,300,240.92. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,294 shares of company stock valued at $1,196,148 over the last ninety days. 25.15% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on FOUR shares. 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. The Goldman Sachs Group restated a "buy" rating and set a $104.00 price target on shares of Shift4 Payments in a research report on Wednesday, August 6th. Truist Financial increased their target price on shares of Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. DA Davidson reiterated a "buy" rating and set a $124.00 target price on shares of Shift4 Payments in a research report on Thursday, June 5th. Finally, Wall Street Zen lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $115.21.

Shift4 Payments Price Performance

FOUR stock opened at $86.95 on Friday. The firm has a 50 day moving average of $95.18 and a 200-day moving average of $90.47. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. Shift4 Payments, Inc. has a 12 month low of $68.09 and a 12 month high of $127.50. The firm has a market capitalization of $7.69 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 0.85 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released 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). Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The firm had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. During the same quarter last year, the business posted $0.96 earnings per share. Shift4 Payments's revenue was up 28.9% compared to the same quarter last year. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

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.

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.