Senator Investment Group LP Has $55.43 Million Holdings in Shift4 Payments, Inc. $FOUR

Key Points

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

Other hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments during the fourth quarter worth approximately $26,000. SRH Advisors LLC acquired a new stake in Shift4 Payments during the first quarter worth approximately $26,000. Elequin Capital LP lifted its position in Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after acquiring an additional 114 shares during the last quarter. Harbour Investments Inc. acquired a new stake in Shift4 Payments during the first quarter worth approximately $32,000. Finally, Valley National Advisers Inc. lifted its position 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 acquiring an additional 125 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FOUR has been the subject of several research reports. Wall Street Zen downgraded shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $140.00 target price (up from $130.00) on shares of Shift4 Payments in a report on Friday, August 1st. Truist Financial raised their target price on shares of Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Royal Bank Of Canada lowered their target price on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Wells Fargo & Company raised their target price on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.40.

Shift4 Payments Price Performance

NYSE:FOUR traded up $2.2880 during mid-day trading on Friday, reaching $91.0380. The stock had a trading volume of 1,183,416 shares, compared to its average volume of 2,485,017. The stock has a 50-day simple moving average of $97.13 and a two-hundred day simple moving average of $92.55. The stock has a market capitalization of $8.05 billion, a PE ratio of 33.72, a P/E/G ratio of 0.90 and a beta of 1.81. 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 12 month low of $68.09 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share (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 during the quarter, compared to the consensus estimate of $967.84 million. During the same period last year, the business earned $0.96 earnings per share. The business's revenue was up 28.9% compared to the same quarter last year. On average, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments 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 $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider James J. Whalen sold 794 shares of the firm'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 transaction of $71,372.66. Following the completion of the sale, the insider owned 56,324 shares in the company, valued at $5,062,964.36. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,551 shares of company stock valued at $1,329,822. Corporate insiders own 25.15% of the company's stock.

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.