Mutual of America Capital Management LLC Has $6.26 Million Stock Holdings in 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 increased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 16.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,606 shares of the company's stock after acquiring an additional 10,946 shares during the quarter. Mutual of America Capital Management LLC owned about 0.09% of Shift4 Payments worth $6,259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Shift4 Payments by 253.0% during the first quarter. SG Americas Securities LLC now owns 11,705 shares of the company's stock worth $956,000 after buying an additional 8,389 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Shift4 Payments by 4.1% during the first quarter. Fifth Third Bancorp now owns 4,646 shares of the company's stock worth $380,000 after buying an additional 181 shares in the last quarter. Cerity Partners LLC boosted its holdings in Shift4 Payments by 35.7% during the fourth 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. Asset Management One Co. Ltd. boosted its holdings in Shift4 Payments by 54.7% during the first quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company's stock worth $98,000 after buying an additional 424 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Shift4 Payments by 5.6% during the first quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company's stock worth $298,000 after buying an additional 194 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FOUR. The Goldman Sachs Group reissued a "buy" rating and set a $104.00 price objective on shares of Shift4 Payments in a report on Wednesday, August 6th. BTIG Research reaffirmed a "buy" rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Susquehanna upped their price target on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a report on Wednesday, April 30th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $140.00 price target (up previously from $130.00) on shares of Shift4 Payments in a report on Friday, August 1st. Finally, Wells Fargo & Company upped their price target on shares of Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.40.

Shift4 Payments Trading Up 2.2%

Shares of Shift4 Payments stock traded up $1.78 during trading hours on Monday, hitting $83.39. The company's stock had a trading volume of 452,061 shares, compared to its average volume of 1,827,875. Shift4 Payments, Inc. has a 1-year low of $68.09 and a 1-year high of $127.50. The business has a fifty day moving average of $98.15 and a 200 day moving average of $94.60. The company has a market capitalization of $7.39 billion, a PE ratio of 30.89, a P/E/G ratio of 0.79 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.

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 (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.10). The business had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%. Shift4 Payments's revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. As a group, equities analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Transactions at Shift4 Payments

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $94,530.00. Following the transaction, the director directly owned 7,474 shares in the company, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Karen Roter Davis sold 2,757 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $260,619.21. Following the completion of the sale, the director directly owned 6,592 shares in the company, 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 three months, insiders have sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is currently owned by insiders.

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.