Mawer Investment Management Ltd. Purchases Shares of 65,287 Shift4 Payments, Inc. (NYSE:FOUR)

Key Points

• Mawer Investment Management Ltd. has made a new investment in Shift4 Payments, Inc., acquiring 65,287 shares valued at approximately $5.34 million, representing around 0.07% of the company.
• Multiple institutional investors, including Stonekeep Investments and MRP Capital Investments, increased their stakes in Shift4 Payments, indicating continued interest in the company's stock.
• Analysts have varied price targets for Shift4 Payments, with an average target price of $116.70 and a consensus rating of "Moderate Buy."

Mawer Investment Management Ltd. acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 65,287 shares of the company's stock, valued at approximately $5,335,000. Mawer Investment Management Ltd. owned approximately 0.07% of Shift4 Payments at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FOUR. Vanguard Group Inc. raised its stake in Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after purchasing an additional 562,774 shares during the last quarter. Darlington Partners Capital Management LP raised its position in shares of Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock valued at $260,489,000 after buying an additional 367,500 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Shift4 Payments by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock worth $120,899,000 after buying an additional 106,217 shares in the last quarter. Spyglass Capital Management LLC boosted its position in Shift4 Payments by 22.7% during the fourth quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company's stock worth $101,897,000 after acquiring an additional 181,539 shares during the last quarter. Finally, Perpetual Ltd acquired a new stake in Shift4 Payments in the 1st quarter valued at about $56,863,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FOUR. Piper Sandler lowered their target price on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company raised their target price on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Raymond James Financial reduced their price target on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Friday, April 4th. BTIG Research cut their price objective on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, B. Riley restated a "buy" rating on shares of Shift4 Payments in a report on Monday, June 2nd. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $116.70.

Shift4 Payments Stock Performance

Shares of FOUR stock traded down $1.69 during trading hours on Tuesday, reaching $104.67. The stock had a trading volume of 744,024 shares, compared to its average volume of 1,132,662. The firm has a market capitalization of $9.28 billion, a PE ratio of 35.36 and a beta of 1.80. The firm has a 50-day simple moving average of $97.70 and a 200-day simple moving average of $95.66. Shift4 Payments, Inc. has a twelve month low of $57.45 and a twelve month high of $127.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.36 and a quick ratio of 1.36.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. The company had revenue of $368.50 million for the quarter, compared to analysts' expectations of $886.09 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The business's revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, equities analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business's 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 directly owned 7,474 shares in the company, valued at approximately $706,517.22. The trade was a 11.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen Roter Davis sold 2,757 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 6,592 shares of the company's stock, valued at $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,757 shares of company stock valued at $1,258,449 in the last quarter. Corporate insiders own 25.15% of the company's stock.

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.