Granahan Investment Management LLC Has $19.46 Million Stock Holdings in Shift4 Payments, Inc. $FOUR

Key Points

• Granahan Investment Management sold 281,414 shares of Shift4 Payments, reducing its stake in the company by 54.2%, leaving it with 238,142 shares valued at approximately $19.5 million.
• Shift4 Payments reported an earnings per share (EPS) of $1.10 for the quarter, missing the consensus estimate of $1.20, while revenues grew by 28.9% year-over-year, totaling $413.4 million.
• Despite recent insider selling, the stock has a Moderate Buy rating from analysts and an average price target of $115.21, with several firms maintaining a "buy" rating on the stock.

Granahan Investment Management LLC lowered its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 54.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,142 shares of the company's stock after selling 281,414 shares during the quarter. Granahan Investment Management LLC owned 0.27% of Shift4 Payments worth $19,459,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Northern Trust Corp boosted its position in shares of Shift4 Payments by 84.4% in the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company's stock valued at $54,068,000 after purchasing an additional 238,478 shares during the period. Algert Global LLC acquired a new stake in Shift4 Payments during the 4th quarter worth about $1,550,000. Cetera Investment Advisers boosted its position in Shift4 Payments by 25.5% during the 4th quarter. Cetera Investment Advisers now owns 3,609 shares of the company's stock worth $375,000 after acquiring an additional 733 shares during the period. Darlington Partners Capital Management LP boosted its position in Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock worth $260,489,000 after acquiring an additional 367,500 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Shift4 Payments by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,781 shares of the company's stock worth $4,544,000 after acquiring an additional 1,683 shares during the period. Institutional investors own 98.87% of the company's stock.

Insider Buying and Selling

In other Shift4 Payments news, CEO David Taylor Lauber sold 2,500 shares of the 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 directly owned 285,588 shares in the company, valued at $25,300,240.92. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jared Isaacman purchased 104,705 shares of the stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the completion of the acquisition, the chairman directly owned 939,715 shares of the company's stock, valued at approximately $78,569,571.15. This represents a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 17,051 shares of company stock valued at $1,551,297. 25.15% of the stock is owned by company insiders.

Shift4 Payments Trading Up 0.1%

Shares of Shift4 Payments stock traded up $0.06 during trading hours on Friday, hitting $87.58. The company's stock had a trading volume of 1,403,172 shares, compared to its average volume of 1,516,717. Shift4 Payments, Inc. has a 12 month low of $68.09 and a 12 month high of $127.50. The stock has a 50 day moving average of $96.18 and a 200 day moving average of $90.65. The company has a market capitalization of $7.74 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 0.87 and a beta of 1.72. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings results 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 business 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 company earned $0.96 earnings per share. The firm's revenue was up 28.9% compared to the same quarter last year. Analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley decreased their price objective on Shift4 Payments from $100.00 to $92.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Piper Sandler decreased their price objective on Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating for the company in a research report on Wednesday, August 6th. B. Riley restated a "buy" rating on shares of Shift4 Payments in a research report on Monday, June 2nd. Wall Street Zen lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, DA Davidson restated a "buy" rating and set a $124.00 price objective on shares of Shift4 Payments in a research report on Thursday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.