Vanguard Group Inc. Sells 84,243 Shares of Shift4 Payments, Inc. $FOUR

Key Points

• Vanguard Group Inc. reduced its stake in Shift4 Payments by 1.3%, now holding 6,455,243 shares worth approximately $527 million as of its latest SEC filing.
• Insiders at Shift4 Payments sold a total of 13,757 shares valued at over $1.25 million within the last three months, indicating a significant decline in their ownership.
• Shift4 Payments recently reported an EPS of $1.10 for the quarter, missing the analysts' expectations, while the company saw a year-over-year revenue increase of 28.9%.

Vanguard Group Inc. decreased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,455,243 shares of the company's stock after selling 84,243 shares during the quarter. Vanguard Group Inc. owned about 7.25% of Shift4 Payments worth $527,458,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FOUR. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments in the 4th quarter valued at $26,000. Elequin Capital LP raised its holdings in shares of Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after purchasing an additional 114 shares during the period. SRH Advisors LLC acquired a new stake in shares of Shift4 Payments in the 1st quarter valued at about $26,000. Morse Asset Management Inc bought a new stake in Shift4 Payments in the 4th quarter valued at about $36,000. Finally, Harbour Investments Inc. bought a new stake in Shift4 Payments in the 1st quarter valued at about $32,000. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Performance

FOUR traded up $0.64 during trading hours on Tuesday, hitting $90.82. The stock had a trading volume of 301,548 shares, compared to its average volume of 1,841,923. The company's fifty day simple moving average is $97.37 and its 200 day simple moving average is $93.37. Shift4 Payments, Inc. has a 1 year low of $68.09 and a 1 year high of $127.50. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The stock has a market cap of $8.03 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 0.90 and a beta of 1.81.

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

Analyst Ratings Changes

FOUR has been the subject of a number of research reports. Susquehanna raised their price objective on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research note on Wednesday, April 30th. Morgan Stanley lowered their price objective on shares of Shift4 Payments from $100.00 to $92.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. UBS Group reduced their price objective on shares of Shift4 Payments from $125.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Benchmark upgraded shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Finally, DA Davidson reiterated a "buy" rating and set a $124.00 price target on shares of Shift4 Payments in a research note on Thursday, June 5th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $114.40.

Insider Activity

In other Shift4 Payments news, Director Karen Roter Davis sold 2,757 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $260,619.21. Following the sale, the director owned 6,592 shares of the company's stock, valued at $623,141.76. This trade represents a 29.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Jared Isaacman acquired 104,705 shares of the business's stock in a transaction dated Monday, August 11th. The shares were acquired at an average cost of $83.61 per share, with a total value of $8,754,385.05. Following the acquisition, the chairman directly owned 939,715 shares of the company's stock, valued at $78,569,571.15. This represents a 12.54% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 13,757 shares of company stock worth $1,258,449. Company insiders own 25.15% of the company's stock.

Shift4 Payments 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.