Durable Capital Partners LP Increases Holdings in Shift4 Payments, Inc. $FOUR

Key Points

• Durable Capital Partners LP increased its stake in Shift4 Payments by 15.4%, now holding approximately 5,919,793 shares, making it the fund's 5th largest position.
• Multiple institutional investors have raised their positions in Shift4 Payments, with notable increases from Darlington Partners Capital Management LP (up 17.2%) and Senator Investment Group LP (up 32.4%).
• Shift4 Payments recently reported earnings per share (EPS) of $1.10 for the quarter, missing analysts' expectations of $1.20, with a significant year-over-year revenue increase of 28.9%.

Durable Capital Partners LP increased its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 15.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,919,793 shares of the company's stock after purchasing an additional 788,952 shares during the period. Shift4 Payments makes up 4.3% of Durable Capital Partners LP's holdings, making the stock its 5th largest position. Durable Capital Partners LP owned approximately 6.68% of Shift4 Payments worth $483,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new position in Shift4 Payments in the 1st quarter worth $5,024,000. Retirement Planning Co of New England Inc. boosted its stake in Shift4 Payments by 6.6% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 6,378 shares of the company's stock worth $521,000 after purchasing an additional 393 shares during the period. Twin Tree Management LP acquired a new position in Shift4 Payments in the 1st quarter worth $95,000. Baird Financial Group Inc. boosted its stake in Shift4 Payments by 64.7% in the 1st quarter. Baird Financial Group Inc. now owns 580,814 shares of the company's stock worth $47,458,000 after purchasing an additional 228,079 shares during the period. Finally, Corsair Capital Management L.P. boosted its stake in Shift4 Payments by 18.0% in the 1st quarter. Corsair Capital Management L.P. now owns 6,559 shares of the company's stock worth $536,000 after purchasing an additional 1,000 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FOUR shares. Wall Street Zen lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. BTIG Research restated a "buy" rating on shares of Shift4 Payments in a research note on Tuesday, August 5th. UBS Group reduced their price objective on shares of Shift4 Payments from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. B. Riley restated a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Finally, Truist Financial increased their price objective on shares of Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Shift4 Payments currently has an average rating of "Moderate Buy" and an average price target of $115.21.

Insider Buying and Selling

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the company'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 sale, the director directly owned 7,474 shares of the company's stock, valued at approximately $706,517.22. This represents a 11.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James J. Whalen sold 794 shares of the company's stock in a transaction dated 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 directly owned 56,324 shares in the company, valued at approximately $5,062,964.36. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,051 shares of company stock worth $1,551,297 in the last 90 days. 25.15% of the stock is owned by corporate insiders.

Shift4 Payments Stock Performance

Shares of FOUR stock traded up $0.06 on Friday, reaching $87.58. The stock had a trading volume of 1,403,172 shares, compared to its average volume of 1,565,793. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The firm's 50-day moving average is $96.18 and its two-hundred day moving average is $90.79. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 32.44, a P/E/G ratio of 0.87 and a beta of 1.72. 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 issued its earnings results 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). The firm 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 firm's revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 earnings per share. On average, research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

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.