Raymond James Financial Inc. Cuts Stock Position in Shift4 Payments, Inc. $FOUR

Key Points

• Raymond James Financial Inc. reduced its holdings in Shift4 Payments by 7.0%, selling 79,835 shares during the first quarter.
• Analysts have set a consensus rating of "Moderate Buy" for Shift4 Payments with an average target price of $114.40, despite varied individual ratings.
• Shift4 Payments reported $1.10 EPS for the last quarter, missing the consensus estimate of $1.20 EPS, with revenues of $413.40 million.

Raymond James Financial Inc. decreased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 7.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,066,168 shares of the company's stock after selling 79,835 shares during the quarter. Raymond James Financial Inc. owned 1.20% of Shift4 Payments worth $87,117,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its position in Shift4 Payments by 253.0% during the first quarter. SG Americas Securities LLC now owns 11,705 shares of the company's stock valued at $956,000 after acquiring an additional 8,389 shares in the last quarter. Fifth Third Bancorp raised its position in Shift4 Payments by 4.1% during the first quarter. Fifth Third Bancorp now owns 4,646 shares of the company's stock valued at $380,000 after acquiring an additional 181 shares in the last quarter. Cerity Partners LLC raised its position in Shift4 Payments by 35.7% during the fourth quarter. Cerity Partners LLC now owns 4,629 shares of the company's stock valued at $480,000 after acquiring an additional 1,218 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Shift4 Payments by 54.7% during the first quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company's stock valued at $98,000 after acquiring an additional 424 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in Shift4 Payments by 5.6% during the first quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company's stock valued at $298,000 after acquiring an additional 194 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Trading Down 0.7%

NYSE FOUR traded down $0.66 on Monday, reaching $90.47. 1,299,932 shares of the company were exchanged, compared to its average volume of 2,485,017. The business's fifty day moving average price is $97.12 and its 200 day moving average price is $92.33. The stock has a market capitalization of $8.00 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 0.90 and a beta of 1.81. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. Shift4 Payments, Inc. has a fifty-two week low of $68.09 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings data 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). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The company had revenue of $413.40 million for the quarter, compared to analyst estimates of $967.84 million. During the same period last year, the firm posted $0.96 EPS. The business's quarterly revenue was up 28.9% on a year-over-year basis. Analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of recent analyst reports. Truist Financial boosted their price objective on Shift4 Payments from $97.00 to $109.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Wells Fargo & Company boosted their price objective on Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Piper Sandler cut their price objective on Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating for the company in a research report on Wednesday, August 6th. Susquehanna boosted their price objective on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research report on Wednesday, April 30th. Finally, BTIG Research restated a "buy" rating on shares of Shift4 Payments in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of "Moderate Buy" and an average price target of $114.40.

Insiders Place Their Bets

In other Shift4 Payments news, Chairman Jared Isaacman purchased 104,705 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were acquired at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the purchase, the chairman directly owned 939,715 shares in the company, valued at approximately $78,569,571.15. This trade represents a 12.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $94,530.00. Following the completion of the transaction, the director directly owned 7,474 shares in the company, valued at approximately $706,517.22. This trade represents a 11.80% 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. Corporate insiders own 25.15% of the company's stock.

About Shift4 Payments

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.