Shift4 Payments, Inc. $FOUR Stock Position Raised by Senator Investment Group LP

Key Points

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Senator Investment Group LP lifted its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 32.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 678,334 shares of the company's stock after purchasing an additional 165,973 shares during the quarter. Shift4 Payments accounts for approximately 2.9% of Senator Investment Group LP's holdings, making the stock its 12th largest position. Senator Investment Group LP owned approximately 0.77% of Shift4 Payments worth $55,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FOUR. Cerity Partners LLC grew its stake in shares of 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 purchasing an additional 1,218 shares in the last quarter. Mariner LLC boosted its stake in Shift4 Payments by 2.7% during the fourth quarter. Mariner LLC now owns 23,991 shares of the company's stock valued at $2,490,000 after buying an additional 630 shares in the last quarter. Guggenheim Capital LLC bought a new position in Shift4 Payments during the fourth quarter valued at about $951,000. Marshall Wace LLP boosted its stake in Shift4 Payments by 2,682.7% during the fourth quarter. Marshall Wace LLP now owns 148,626 shares of the company's stock valued at $15,424,000 after buying an additional 143,285 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in 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 buying an additional 39,527 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments 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 transaction, the chief financial officer 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James J. Whalen sold 794 shares of Shift4 Payments stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the transaction, the insider directly owned 56,324 shares in the company, valued at approximately $5,062,964.36. This trade represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,551 shares of company stock worth $1,329,822. Company insiders own 25.15% of the company's stock.

Shift4 Payments Stock Down 1.9%

Shift4 Payments stock traded down $1.6990 during mid-day trading on Thursday, hitting $88.8010. The company's stock had a trading volume of 1,173,390 shares, compared to its average volume of 2,467,715. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. Shift4 Payments, Inc. has a 52-week low of $68.09 and a 52-week high of $127.50. The firm's 50 day moving average is $97.09 and its 200 day moving average is $93.12. The company has a market cap of $7.85 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.81.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations of $967.84 million. During the same period last year, the firm earned $0.96 EPS. The company's revenue was up 28.9% compared to the same quarter last year. On average, analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on FOUR shares. Piper Sandler decreased their target price on Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating for the company in a research note on Wednesday, August 6th. DA Davidson reaffirmed a "buy" rating and set a $124.00 target price on shares of Shift4 Payments in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research note on Thursday, July 17th. They set a "buy" rating and a $120.00 target price for the company. BTIG Research reaffirmed a "buy" rating on shares of Shift4 Payments in a research note on Tuesday, August 5th. Finally, Benchmark raised Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. Two 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $114.40.

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.