6,135 Shares in Shift4 Payments, Inc. $FOUR Acquired by MIG Capital LLC

Key Points

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MIG Capital LLC purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,135 shares of the company's stock, valued at approximately $501,000.

A number of other hedge funds also recently made changes to their positions in FOUR. Cerity Partners LLC grew its holdings 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 buying an additional 1,218 shares in the last quarter. Mariner LLC boosted its position in Shift4 Payments by 2.7% during the 4th quarter. Mariner LLC now owns 23,991 shares of the company's stock worth $2,490,000 after acquiring an additional 630 shares during the period. Guggenheim Capital LLC bought a new position in shares of Shift4 Payments in the fourth quarter worth $951,000. Marshall Wace LLP grew its stake in shares of Shift4 Payments by 2,682.7% in the fourth quarter. Marshall Wace LLP now owns 148,626 shares of the company's stock worth $15,424,000 after purchasing an additional 143,285 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Shift4 Payments by 780.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 44,590 shares of the company's stock valued at $4,632,000 after purchasing an additional 39,527 shares during the period. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Down 1.9%

Shares of FOUR traded down $1.6990 during mid-day trading on Thursday, reaching $88.8010. The company's stock had a trading volume of 1,173,390 shares, compared to its average volume of 2,467,715. Shift4 Payments, Inc. has a 1 year low of $68.09 and a 1 year high of $127.50. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.81. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The business has a fifty day moving average of $97.09 and a 200 day moving average of $93.12.

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

Analyst Ratings Changes

Several equities analysts have commented on FOUR shares. Susquehanna raised their target price on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research note on Wednesday, April 30th. B. Riley reaffirmed a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a research report on Wednesday, April 30th. DA Davidson restated a "buy" rating and issued a $124.00 price objective on shares of Shift4 Payments in a report on Thursday, June 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a report on Thursday, July 17th. They set a "buy" rating and a $120.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Shift4 Payments has an average rating of "Moderate Buy" and a consensus price target of $114.40.

Insider Buying and Selling

In other news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the completion of the sale, the chief financial officer directly owned 167,622 shares of the company's stock, valued at $15,141,295.26. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Jared Isaacman purchased 104,705 shares of Shift4 Payments stock in a transaction dated Monday, August 11th. The shares were purchased 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 owned 939,715 shares in the company, 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. Over the last 90 days, insiders sold 14,551 shares of company stock worth $1,329,822. Insiders own 25.15% of the company's stock.

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.