Shift4 Payments, Inc. $FOUR Shares Sold by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC sold 77.5% of its stake in Shift4 Payments, reducing its holdings to 16,308 shares valued at approximately $1.6 million.
• Shift4 Payments reported $1.10 EPS for the last quarter, missing analysts' estimates of $1.20 and generating revenue of $413.40 million against a forecast of $967.84 million.
• Shift4 Payments' stock has a market capitalization of $6.83 billion with a 12-month price range between $68.09 and $127.50, and a P/E ratio of 28.62.

Janney Montgomery Scott LLC trimmed its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 77.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,308 shares of the company's stock after selling 56,017 shares during the period. Janney Montgomery Scott LLC's holdings in Shift4 Payments were worth $1,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. increased its stake in shares of Shift4 Payments by 91.4% during the 1st quarter. UMB Bank n.a. now owns 534 shares of the company's stock worth $44,000 after purchasing an additional 255 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Shift4 Payments by 36.1% during the 1st quarter. GAMMA Investing LLC now owns 750 shares of the company's stock worth $61,000 after purchasing an additional 199 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Shift4 Payments by 253.0% during the 1st quarter. SG Americas Securities LLC now owns 11,705 shares of the company's stock worth $956,000 after purchasing an additional 8,389 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Shift4 Payments by 4.1% during the 1st quarter. Fifth Third Bancorp now owns 4,646 shares of the company's stock worth $380,000 after purchasing an additional 181 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Shift4 Payments by 1.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 16,709 shares of the company's stock worth $1,365,000 after purchasing an additional 170 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $77.28 on Friday. Shift4 Payments, Inc. has a 12 month low of $68.09 and a 12 month high of $127.50. 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 firm has a market capitalization of $6.83 billion, a P/E ratio of 28.62, a P/E/G ratio of 0.77 and a beta of 1.69. The company's fifty day moving average price is $85.62 and its two-hundred day moving average price is $89.17.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 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 analyst estimates of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The business's quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. On average, research analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BTIG Research reaffirmed a "buy" rating on shares of Shift4 Payments in a research note on Tuesday, August 5th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $104.00 target price on shares of Shift4 Payments in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research note on Thursday, July 17th. They issued a "buy" rating and a $120.00 target price for the company. Keefe, Bruyette & Woods lowered their target price on shares of Shift4 Payments from $100.00 to $90.00 and set a "market perform" rating for the company in a research note on Wednesday, October 1st. Finally, Piper Sandler lowered their target price on shares of Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating for the company in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $112.65.

Insiders Place Their Bets

In other news, Chairman Jared Isaacman bought 104,705 shares of the firm's stock in a transaction on Monday, August 11th. The stock was purchased at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the transaction, the chairman owned 939,715 shares in the company, valued at approximately $78,569,571.15. This trade represents a 12.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Taylor Lauber sold 2,500 shares of the company's stock in a transaction dated 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 approximately $25,300,240.92. This trade represents a 0.87% decrease in their position. The disclosure for this sale can be found here. 25.15% of the stock is owned by insiders.

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.

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