Thematics Asset Management Raises Stock Holdings in Shift4 Payments, Inc. $FOUR

Key Points

• Thematics Asset Management increased its stake in Shift4 Payments by 2.8%, owning 209,713 shares valued at approximately $17.14 million.
• Shift4 Payments reported earnings of $1.10 per share, missing expectations by $0.10, with revenue of $413.4 million reflecting a year-over-year increase of 28.9%.
• Analysts have varying ratings and price targets for Shift4 Payments, with an average target price of $114.40 and a consensus rating of "Moderate Buy."

Thematics Asset Management increased its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,713 shares of the company's stock after buying an additional 5,713 shares during the period. Thematics Asset Management owned about 0.24% of Shift4 Payments worth $17,136,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its holdings in Shift4 Payments by 253.0% during the 1st 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 boosted its stake in shares of 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 during the last quarter. Asset Management One Co. Ltd. increased 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 purchasing an additional 424 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in 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 lifted its holdings in Shift4 Payments by 24.0% in the 1st quarter. Spire Wealth Management now owns 1,012 shares of the company's stock valued at $83,000 after purchasing an additional 196 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Stock Up 1.4%

NYSE:FOUR traded up $1.22 during mid-day trading on Thursday, hitting $91.53. The company had a trading volume of 993,161 shares, compared to its average volume of 1,826,462. The business has a fifty day simple moving average of $97.04 and a 200-day simple moving average of $92.30. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 0.88 and a beta of 1.81. Shift4 Payments, Inc. has a 1 year low of $68.09 and a 1 year high of $127.50. 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 (NYSE:FOUR - Get Free Report) last posted 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 company had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. Shift4 Payments's quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. Equities analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

FOUR has been the subject of a number of recent research reports. B. Riley reiterated a "buy" rating on shares of Shift4 Payments in a report on Monday, June 2nd. Susquehanna boosted their price target on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a report on Wednesday, April 30th. Truist Financial raised their price objective on Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research report on Thursday, July 17th. They issued a "buy" rating and a $120.00 price objective for the company. Finally, Morgan Stanley decreased their target price on shares of Shift4 Payments from $100.00 to $92.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Two equities research 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.40.

Insider Buying and Selling

In related news, insider James J. Whalen sold 794 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $5,062,964.36. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Jared Isaacman purchased 104,705 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the purchase, the chairman directly owned 939,715 shares in the company, valued at $78,569,571.15. This trade represents a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 14,551 shares of company stock valued at $1,329,822 over the last three months. Company 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.