Shift4 Payments, Inc. (NYSE:FOUR) Shares Purchased by Spyglass Capital Management LLC

Spyglass Capital Management LLC increased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 22.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 981,859 shares of the company's stock after purchasing an additional 181,539 shares during the period. Shift4 Payments accounts for 5.7% of Spyglass Capital Management LLC's portfolio, making the stock its 3rd largest holding. Spyglass Capital Management LLC owned 1.09% of Shift4 Payments worth $101,897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FOUR. Heck Capital Advisors LLC purchased a new position in Shift4 Payments during the fourth quarter valued at $26,000. Rakuten Securities Inc. grew its stake in Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after acquiring an additional 157 shares in the last quarter. UMB Bank n.a. purchased a new position in Shift4 Payments during the fourth quarter valued at $29,000. Valley National Advisers Inc. purchased a new position in Shift4 Payments during the fourth quarter valued at $31,000. Finally, Morse Asset Management Inc purchased a new position in Shift4 Payments during the fourth quarter valued at $36,000. 98.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group dropped their price objective on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Morgan Stanley dropped their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Barclays dropped their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They issued a "hold" rating and a $120.00 price objective for the company. Finally, DA Davidson dropped their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.25.

Shift4 Payments Stock Up 0.2%

Shares of NYSE:FOUR traded up $0.18 during trading hours on Thursday, hitting $87.52. The company's stock had a trading volume of 926,970 shares, compared to its average volume of 1,662,396. Shift4 Payments, Inc. has a 52 week low of $57.45 and a 52 week high of $127.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 1.04 and a beta of 1.80. The firm's fifty day moving average price is $83.04 and its 200 day moving average price is $97.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The firm had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. During the same quarter in the previous year, the business posted $0.54 EPS. Shift4 Payments's revenue was up 39.7% on a year-over-year basis. As a group, research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the transaction, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares of the company's stock, valued at $15,094,317.56. This represents a 5.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,695 shares of company stock valued at $1,097,380. 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.