Shelton Wealth Management LLC Invests $1.53 Million in Shift4 Payments, Inc. $FOUR

Key Points

• Shelton Wealth Management LLC made a new investment of approximately $1.53 million in Shift4 Payments, acquiring 15,442 shares of the stock.
• Shift4 Payments has seen significant interest from institutional investors, with 98.87% of its stock owned by such entities, including sizable investments from Durable Capital Partners and Ameriprise Financial.
• Despite strong investor interest, the company reported earnings per share (EPS) of $1.10 for the last quarter, missing analysts' expectations of $1.20, leading to concerns over revenue performance.

Shelton Wealth Management LLC purchased a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,442 shares of the company's stock, valued at approximately $1,530,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Heck Capital Advisors LLC bought a new position in Shift4 Payments during the fourth quarter valued at $26,000. SRH Advisors LLC purchased a new position in shares of Shift4 Payments during the 1st quarter valued at $26,000. Banque Transatlantique SA bought a new position in shares of Shift4 Payments during the 1st quarter worth $27,000. Harbour Investments Inc. bought a new position in shares of Shift4 Payments during the 1st quarter worth $32,000. Finally, Valley National Advisers Inc. increased its holdings in Shift4 Payments by 41.7% in the 1st 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. Hedge funds and other institutional investors own 98.87% of the company's stock.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of research reports. Truist Financial increased their target price on shares of Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. DA Davidson restated a "buy" rating and set a $124.00 price target on shares of Shift4 Payments in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a report on Thursday, July 17th. They issued a "buy" rating and a $120.00 price objective for the company. Piper Sandler dropped their target price on Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 6th. Finally, UBS Group dropped their price objective on Shift4 Payments from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $115.21.

Shift4 Payments Price Performance

NYSE FOUR traded down $1.09 during trading hours on Monday, reaching $85.80. 2,581,272 shares of the stock traded hands, compared to its average volume of 1,788,411. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a 50 day simple moving average of $93.23 and a two-hundred day simple moving average of $90.04. Shift4 Payments, Inc. has a 1 year low of $68.09 and a 1 year high of $127.50. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 0.86 and a beta of 1.72.

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 analysts' consensus estimates of $1.20 by ($0.10). The company had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The company's revenue was up 28.9% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. On average, analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In related news, Chairman Jared Isaacman purchased 104,705 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the acquisition, the chairman directly owned 939,715 shares in the company, valued at approximately $78,569,571.15. The trade was a 12.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Taylor Lauber sold 2,500 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the transaction, the chief executive officer owned 285,588 shares of the company's stock, valued at $25,300,240.92. This trade represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 25.15% of the company's stock.

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.