Kodai Capital Management LP Takes $14.28 Million Position in Shift4 Payments, Inc. $FOUR

Key Points

• Kodai Capital Management LP has acquired new shares in Shift4 Payments, purchasing 174,749 shares valued at approximately $14.28 million.
• A variety of institutional investors increased their stakes in Shift4 Payments during the first quarter, with Ameriprise Financial Inc. growing its holdings by 13.0%.
• As of the latest reports, analysts have varied price targets for Shift4 Payments, with a consensus target price of $114.40 and a general rating of "Moderate Buy".

Kodai Capital Management LP acquired 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 filing with the Securities and Exchange Commission (SEC). The firm acquired 174,749 shares of the company's stock, valued at approximately $14,279,000. Kodai Capital Management LP owned about 0.20% of Shift4 Payments as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Elequin Capital LP increased its stake in Shift4 Payments by 62.3% in the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after buying an additional 114 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of Shift4 Payments by 41.7% in the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock valued at $34,000 after buying an additional 125 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its holdings in shares of Shift4 Payments by 31.4% in the 1st 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 in the last quarter. Triumph Capital Management boosted its stake in Shift4 Payments by 3.2% in the 4th quarter. Triumph Capital Management now owns 4,360 shares of the company's stock worth $452,000 after purchasing an additional 137 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Shift4 Payments by 1.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 16,709 shares of the company's stock valued at $1,365,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Insiders Place Their Bets

In other Shift4 Payments news, insider James J. Whalen sold 794 shares of the firm's stock in a transaction 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 sale, the insider directly owned 56,324 shares in the company, valued at approximately $5,062,964.36. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Karen Roter Davis sold 2,757 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $260,619.21. Following the transaction, the director directly owned 6,592 shares of the company's stock, valued at approximately $623,141.76. This trade represents a 29.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,551 shares of company stock worth $1,329,822. Corporate insiders own 25.15% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FOUR. BTIG Research reaffirmed a "buy" rating on shares of Shift4 Payments in a report on Tuesday, August 5th. UBS Group lowered their target price on shares of Shift4 Payments from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Truist Financial boosted their price target on shares of Shift4 Payments from $97.00 to $109.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. DA Davidson reaffirmed a "buy" rating and issued a $124.00 target price on shares of Shift4 Payments in a research report on Thursday, June 5th. Finally, Piper Sandler decreased 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 report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $114.40.

Shift4 Payments Trading Down 0.7%

FOUR traded down $0.59 during midday trading on Wednesday, hitting $88.55. The company's stock had a trading volume of 618,059 shares, compared to its average volume of 1,811,308. 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 firm has a market cap of $7.83 billion, a P/E ratio of 32.80, a PEG ratio of 0.90 and a beta of 1.72. The firm has a 50-day moving average price of $96.77 and a two-hundred day moving average price of $91.31. Shift4 Payments, Inc. has a 52-week low of $68.09 and a 52-week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $967.84 million. During the same period in the prior year, the firm earned $0.96 earnings per share. The business's revenue for the quarter was up 28.9% on a year-over-year basis. On average, research analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share 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.