Global Endowment Management LP Takes $476,000 Position in Shift4 Payments, Inc. (NYSE:FOUR)

Key Points

• Global Endowment Management LP acquired a new position of $476,000 in Shift4 Payments during the 1st quarter, purchasing 5,830 shares.
• Insider trading revealed that director Sarah Goldsmith-Grover and CFO Nancy Disman sold 1,000 and 10,000 shares, respectively, leading to decreases in their holdings.
• Shift4 Payments' stock has recently faced analyst downgrades, including a shift from "buy" to "hold" by Wall Street Zen, while maintaining a consensus rating of "Moderate Buy."

Global Endowment Management LP acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,830 shares of the company's stock, valued at approximately $476,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of Shift4 Payments by 253.0% during the 1st quarter. SG Americas Securities LLC now owns 11,705 shares of the company's stock valued at $956,000 after buying an additional 8,389 shares in the last quarter. Fifth Third Bancorp raised its position in Shift4 Payments by 4.1% in the 1st quarter. Fifth Third Bancorp now owns 4,646 shares of the company's stock worth $380,000 after purchasing an additional 181 shares during the period. Cerity Partners LLC raised its position in Shift4 Payments by 35.7% in the 4th quarter. Cerity Partners LLC now owns 4,629 shares of the company's stock worth $480,000 after purchasing an additional 1,218 shares during the period. Asset Management One Co. Ltd. raised its position in Shift4 Payments by 54.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company's stock worth $98,000 after purchasing an additional 424 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in 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 purchasing an additional 194 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Insider Activity at Shift4 Payments

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $94,530.00. Following the sale, the director owned 7,474 shares of the company's stock, valued at approximately $706,517.22. The trade was a 11.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $90.33, for a total transaction of $903,300.00. Following the sale, the chief financial officer directly owned 167,622 shares in the company, valued at $15,141,295.26. The trade was a 5.63% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is currently owned by company insiders.

Shift4 Payments Trading Up 1.9%

Shares of FOUR opened at $90.76 on Friday. The firm's 50-day moving average price is $97.48 and its 200-day moving average price is $93.93. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 0.88 and a beta of 1.81. 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 1-year low of $68.09 and a 1-year high of $127.50.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen cut shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods decreased their target price on shares of Shift4 Payments from $110.00 to $100.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Raymond James Financial reiterated a "strong-buy" rating and issued a $140.00 target price (up previously from $130.00) on shares of Shift4 Payments in a research report on Friday, August 1st. Truist Financial lifted 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. Finally, William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a research report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.40.

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.

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