Natixis Advisors LLC Purchases Shares of 13,833 Shift4 Payments, Inc. (NYSE:FOUR)

Key Points

• Natixis Advisors LLC purchased 13,833 shares of Shift4 Payments, valued at approximately $1,130,000, as part of its new stake in the company during the first quarter.
• Institutional investors collectively own 98.87% of Shift4 Payments, showcasing strong interest and involvement from hedge funds and other investment firms.
• Shift4 Payments reported $1.10 EPS for the last quarter, missing analysts' consensus estimate of $1.20, with revenues of $413.4 million falling significantly short of expectations.

Natixis Advisors LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,833 shares of the company's stock, valued at approximately $1,130,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in shares of Shift4 Payments by 253.0% during the first quarter. SG Americas Securities LLC now owns 11,705 shares of the company's stock valued at $956,000 after acquiring an additional 8,389 shares during the last quarter. Fifth Third Bancorp raised its stake in Shift4 Payments by 4.1% in 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 raised its stake in Shift4 Payments by 35.7% in 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. raised its stake in Shift4 Payments by 54.7% in 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. raised its stake in Shift4 Payments by 5.6% in 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 owned by institutional investors.

Insider Activity

In related news, Director Karen Roter Davis sold 2,757 shares of the firm'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 $260,619.21. Following the sale, the director owned 6,592 shares in the company, valued at approximately $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction that occurred on 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 owned 167,622 shares in the company, valued at $15,141,295.26. This represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,757 shares of company stock worth $1,258,449 over the last 90 days. 25.15% of the stock is currently owned by insiders.

Shift4 Payments Trading Down 2.0%

NYSE:FOUR opened at $81.68 on Friday. The company's 50 day moving average price is $98.15 and its 200-day moving average price is $94.76. Shift4 Payments, Inc. has a 52 week low of $68.09 and a 52 week high of $127.50. The company has a quick ratio of 1.36, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 0.79 and a beta of 1.81.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted 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 net margin of 6.11% and a return on equity of 37.05%. The firm had revenue of $413.40 million for the quarter, compared to analysts' expectations of $967.84 million. During the same quarter in the previous year, the company earned $0.96 EPS. The company's quarterly revenue was up 28.9% compared to the same quarter last year. On average, equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of research reports. Morgan Stanley decreased their price target on shares of Shift4 Payments from $100.00 to $92.00 and set an "equal weight" rating for the company in a research note on Wednesday. Keefe, Bruyette & Woods decreased their price target on shares of Shift4 Payments from $110.00 to $100.00 and set a "market perform" rating for the company in a research note on Wednesday. DA Davidson reissued a "buy" rating and issued a $124.00 price target on shares of Shift4 Payments in a research note on Thursday, June 5th. B. Riley reissued a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $140.00 price target (up from $130.00) on shares of Shift4 Payments in a research note on Friday, August 1st. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.40.

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.

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