Mutual of America Capital Management LLC Purchases 10,946 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Key Points

• Mutual of America Capital Management LLC increased its holdings in Shift4 Payments by 16.7%, acquiring an additional 10,946 shares, bringing its total ownership to 76,606 shares valued at approximately $6.26 million.
• Shift4 Payments reported earnings of $1.10 per share, missing analysts' expectations of $1.20, while revenue for the quarter was significantly lower than expected at $413.40 million.
• Several analysts have a consensus rating of "Moderate Buy" for Shift4 Payments, with a price target averaging $114.40 per share.

Mutual of America Capital Management LLC raised its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 16.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 76,606 shares of the company's stock after acquiring an additional 10,946 shares during the period. Mutual of America Capital Management LLC owned approximately 0.09% of Shift4 Payments worth $6,259,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of Shift4 Payments in the fourth quarter valued at approximately $26,000. Elequin Capital LP raised its position in Shift4 Payments by 62.3% in the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after buying an additional 114 shares during the last quarter. Morse Asset Management Inc purchased a new stake in Shift4 Payments in the 4th quarter valued at $36,000. Valley National Advisers Inc. lifted its stake in Shift4 Payments by 41.7% during the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock valued at $34,000 after acquiring an additional 125 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Shift4 Payments in the 4th quarter worth $54,000. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Up 1.4%

Shares of NYSE:FOUR opened at $83.33 on Friday. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 1.36. Shift4 Payments, Inc. has a one year low of $67.09 and a one year high of $127.50. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 30.86 and a beta of 1.81. The firm has a fifty day moving average price of $98.41 and a two-hundred day moving average price of $95.14.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results 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 business had revenue of $413.40 million during the quarter, compared to analysts' expectations of $967.84 million. During the same period in the previous year, the business earned $0.96 EPS. The business's revenue was up 28.9% on a year-over-year basis. Analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $90.33, for a total value of $903,300.00. Following the transaction, the chief financial officer directly owned 167,622 shares of the company's stock, valued at $15,141,295.26. The trade was a 5.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $94,530.00. Following the completion of the sale, the director owned 7,474 shares of the company's stock, valued at $706,517.22. The trade was a 11.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FOUR shares. DA Davidson reissued a "buy" rating and set a $124.00 price target on shares of Shift4 Payments in a research report on Thursday, June 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a research note on Thursday, July 17th. They issued a "buy" rating and a $120.00 price objective for the company. Morgan Stanley cut their target price on Shift4 Payments from $100.00 to $92.00 and set an "equal weight" rating on the stock in a research note on Wednesday. UBS Group lowered their target price on Shift4 Payments from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, BTIG Research reissued a "buy" rating on shares of Shift4 Payments in a report on Tuesday. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.40.

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.

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