Truvestments Capital LLC Cuts Stock Holdings in Shift4 Payments, Inc. $FOUR

Key Points

• Truvestments Capital LLC significantly reduced its holdings in Shift4 Payments, Inc. by 72.7%, selling 2,885 shares and retaining 1,082 shares worth $88,000.
• Shift4 Payments reported a loss per share of $1.10 in its latest quarterly earnings, missing the consensus estimate of $1.20, despite a year-over-year revenue growth of 28.9%.
• Analyst ratings are mixed, with a consensus rating of "Moderate Buy" and target prices ranging from $92.00 to $140.00, reflecting differing views on the company's future performance.

Truvestments Capital LLC lessened its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 72.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,082 shares of the company's stock after selling 2,885 shares during the period. Truvestments Capital LLC's holdings in Shift4 Payments were worth $88,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of FOUR. SG Americas Securities LLC raised its holdings in shares of Shift4 Payments by 253.0% in the first quarter. SG Americas Securities LLC now owns 11,705 shares of the company's stock valued at $956,000 after buying an additional 8,389 shares during the last quarter. Fifth Third Bancorp raised its stake in Shift4 Payments by 4.1% during the 1st quarter. Fifth Third Bancorp now owns 4,646 shares of the company's stock valued at $380,000 after acquiring an additional 181 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Shift4 Payments by 54.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company's stock worth $98,000 after acquiring an additional 424 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Shift4 Payments by 5.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company's stock valued at $298,000 after purchasing an additional 194 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in shares of Shift4 Payments by 24.0% in the first quarter. Spire Wealth Management now owns 1,012 shares of the company's stock valued at $83,000 after purchasing an additional 196 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FOUR has been the topic of several recent research reports. Raymond James Financial reissued a "strong-buy" rating and issued a $140.00 price objective (up from $130.00) on shares of Shift4 Payments in a research note on Friday, August 1st. The Goldman Sachs Group restated a "buy" rating and set a $104.00 target price on shares of Shift4 Payments in a research report on Wednesday, August 6th. Wall Street Zen lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. B. Riley restated a "buy" rating on shares of Shift4 Payments in a report on Monday, June 2nd. Finally, BTIG Research reaffirmed a "buy" rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Shift4 Payments has a consensus rating of "Moderate Buy" and a consensus target price of $114.40.

Insider Buying and Selling at Shift4 Payments

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business'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 $94,530.00. Following the completion of the transaction, the director owned 7,474 shares of the company's stock, valued at $706,517.22. The trade was a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James J. Whalen sold 794 shares of Shift4 Payments stock in a transaction that occurred on Friday, August 15th. The stock was 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 of the company's stock, valued at $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. Over the last quarter, insiders sold 14,551 shares of company stock valued at $1,329,822. Corporate insiders own 25.15% of the company's stock.

Shift4 Payments Price Performance

NYSE:FOUR traded down $1.58 during trading hours on Tuesday, reaching $88.86. 580,315 shares of the company traded hands, compared to its average volume of 1,815,595. 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's 50-day moving average is $96.93 and its 200-day moving average is $91.32. The stock has a market cap of $7.86 billion, a P/E ratio of 32.93, a P/E/G ratio of 0.89 and a beta of 1.72. Shift4 Payments, Inc. has a 1-year low of $68.09 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.10). The company had revenue of $413.40 million during the quarter, compared to analysts' expectations 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 was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 earnings per share. Equities research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

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.