MN Wealth Advisors LLC Takes $721,000 Position in Shift4 Payments, Inc. $FOUR

Key Points

• MN Wealth Advisors LLC took a new position in Shift4 Payments, purchasing 7,279 shares valued at approximately $721,000 during the second quarter.
• Research analysts largely favor Shift4 Payments, with multiple firms reiterating buy ratings and a consensus price target around $110.05.
• Insider activity includes Chairman Jared Isaacman purchasing over 104,000 shares, increasing his stake by 12.54%, reflecting strong confidence in the company.

MN Wealth Advisors LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,279 shares of the company's stock, valued at approximately $721,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. SRH Advisors LLC bought a new stake in shares of Shift4 Payments during the first quarter valued at approximately $26,000. Banque Transatlantique SA bought a new stake in shares of Shift4 Payments during the 1st quarter worth about $27,000. Harbour Investments Inc. acquired a new position in shares of Shift4 Payments during the first quarter valued at approximately $32,000. Valley National Advisers Inc. raised its holdings in 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 in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company's stock worth $35,000 after purchasing an additional 217 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FOUR has been the topic of a number of research reports. UBS Group reiterated a "buy" rating on shares of Shift4 Payments in a report on Wednesday. Raymond James Financial reduced their target price on Shift4 Payments from $126.00 to $120.00 and set a "strong-buy" rating for the company in a report on Friday, October 10th. The Goldman Sachs Group restated a "buy" rating and set a $104.00 price target on shares of Shift4 Payments in a report on Wednesday, August 6th. DA Davidson set a $124.00 price objective on shares of Shift4 Payments in a research note on Wednesday. Finally, Weiss Ratings raised shares of Shift4 Payments from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $110.05.

Insider Buying and Selling at Shift4 Payments

In related news, Chairman Jared Isaacman purchased 104,705 shares of the stock in a transaction dated Monday, August 11th. The stock was bought at an average cost of $83.61 per share, with a total value of $8,754,385.05. Following the purchase, the chairman directly owned 939,715 shares in the company, valued at $78,569,571.15. The trade was a 12.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider James J. Whalen sold 794 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the transaction, the insider owned 56,324 shares of the company's stock, valued at $5,062,964.36. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 25.15% of the company's stock.

Shift4 Payments Trading Up 1.3%

NYSE:FOUR opened at $76.97 on Friday. Shift4 Payments, Inc. has a 52 week low of $68.09 and a 52 week high of $127.50. The stock's 50 day moving average price is $83.56 and its 200 day moving average price is $88.79. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53. The company has a market capitalization of $6.81 billion, a P/E ratio of 28.55, a P/E/G ratio of 0.76 and a beta of 1.69.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings results 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 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 the consensus estimate of $967.84 million. During the same quarter in the prior year, the business earned $0.96 EPS. The firm's revenue for the quarter was up 28.9% on a year-over-year basis. On average, research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Shift4 Payments Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.