Hodges Capital Management Inc. Reduces Stake in Shift4 Payments, Inc. $FOUR

Key Points

• Hodges Capital Management Inc. decreased its holdings in Shift4 Payments by 64.1%, selling 15,815 shares to end up with 8,865 shares, valued at $724,000.
• Institutional investors continue to show varying trends, with SG Americas Securities LLC increasing its stake by 253.0%, now owning 11,705 shares valued at $956,000.
• Shift4 Payments reported quarterly earnings of $1.10 per share, missing estimates of $1.20, with revenue of $413.40 million against an expected $967.84 million.

Hodges Capital Management Inc. cut its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 64.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,865 shares of the company's stock after selling 15,815 shares during the period. Hodges Capital Management Inc.'s holdings in Shift4 Payments were worth $724,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FOUR. Elequin Capital LP lifted its position in shares of Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after purchasing an additional 114 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of Shift4 Payments by 41.7% during the first quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after purchasing 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 first quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company's stock worth $43,000 after purchasing an additional 127 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Shift4 Payments by 1.0% during the first quarter. Exchange Traded Concepts LLC now owns 16,709 shares of the company's stock worth $1,365,000 after purchasing an additional 170 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its position in shares of Shift4 Payments by 5.7% during the first quarter. J.Safra Asset Management Corp now owns 3,194 shares of the company's stock worth $261,000 after purchasing an additional 173 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods decreased their target price on 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. Truist Financial lifted their price objective on Shift4 Payments from $97.00 to $109.00 and gave the company a "hold" rating in a report on Thursday, July 17th. 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 report on Wednesday, August 6th. UBS Group decreased their price objective on Shift4 Payments from $125.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two research 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.21.

Insider Activity at Shift4 Payments

In related news, CEO David Taylor Lauber sold 2,500 shares of the company's 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Jared Isaacman bought 104,705 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the transaction, the chairman owned 939,715 shares of the company's stock, valued at $78,569,571.15. The trade was a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 25.15% of the stock is owned by insiders.

Shift4 Payments Stock Up 0.5%

Shares of FOUR stock traded up $0.45 during trading hours on Tuesday, reaching $86.41. 1,036,107 shares of the company's stock were exchanged, compared to its average volume of 1,788,351. Shift4 Payments, Inc. has a 1 year low of $68.09 and a 1 year high of $127.50. The stock has a market cap of $7.64 billion, a PE ratio of 32.00, a PEG ratio of 0.86 and a beta of 1.72. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The stock's fifty day moving average price is $94.55 and its two-hundred day moving average price is $90.22.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly 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). 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 for the quarter, compared to analysts' expectations of $967.84 million. During the same quarter in the previous year, the firm posted $0.96 EPS. Shift4 Payments's revenue was up 28.9% on a year-over-year basis. Research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

About Shift4 Payments

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.