M&G Investment Management Ltd. Invests $7.88 Million in Shift4 Payments, Inc. (NYSE:FOUR)

M&G Investment Management Ltd. bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 106,450 shares of the company's stock, valued at approximately $7,877,000. M&G Investment Management Ltd. owned about 0.13% of Shift4 Payments at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. C M Bidwell & Associates Ltd. bought a new stake in Shift4 Payments in the 3rd quarter valued at $35,000. Nemes Rush Group LLC acquired a new position in shares of Shift4 Payments in the third quarter valued at about $79,000. Covestor Ltd increased its position in Shift4 Payments by 49,166.7% during the third quarter. Covestor Ltd now owns 1,478 shares of the company's stock worth $82,000 after acquiring an additional 1,475 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Shift4 Payments in the 4th quarter worth about $90,000. Finally, Qsemble Capital Management LP bought a new stake in Shift4 Payments in the 4th quarter valued at about $227,000. Institutional investors own 98.87% of the company's stock.

Insider Activity

In other Shift4 Payments news, CEO Jared Isaacman acquired 85,916 shares of the stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average cost of $67.09 per share, with a total value of $5,764,104.44. Following the transaction, the chief executive officer now owns 582,827 shares in the company, valued at approximately $39,101,863.43. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $72.34, for a total value of $723,400.00. Following the completion of the sale, the chief financial officer now directly owns 274,954 shares in the company, valued at $19,890,172.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jared Isaacman purchased 85,916 shares of the firm's stock in a transaction on Tuesday, May 14th. The stock was bought at an average cost of $67.09 per share, with a total value of $5,764,104.44. Following the completion of the purchase, the chief executive officer now owns 582,827 shares of the company's stock, valued at approximately $39,101,863.43. The disclosure for this purchase can be found here. Insiders own 32.14% of the company's stock.

Shift4 Payments Trading Up 11.0 %

NYSE:FOUR traded up $7.14 during trading hours on Wednesday, hitting $72.14. 3,945,078 shares of the company were exchanged, compared to its average volume of 1,481,405. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 48.42, a price-to-earnings-growth ratio of 0.85 and a beta of 1.59. Shift4 Payments, Inc. has a one year low of $42.91 and a one year high of $92.30. The company has a fifty day simple moving average of $66.94 and a 200 day simple moving average of $68.77. The company has a current ratio of 1.70, a quick ratio of 1.63 and a debt-to-equity ratio of 1.96.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.05). Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. The company had revenue of $269.30 million for the quarter, compared to the consensus estimate of $278.85 million. Sell-side analysts expect that Shift4 Payments, Inc. will post 2.98 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FOUR shares. UBS Group lifted their price target on shares of Shift4 Payments from $75.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. Redburn Atlantic upgraded Shift4 Payments from a "sell" rating to a "neutral" rating and set a $53.00 target price for the company in a research report on Friday, April 19th. The Goldman Sachs Group decreased their price target on Shift4 Payments from $91.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, April 15th. Keefe, Bruyette & Woods assumed coverage on shares of Shift4 Payments in a research report on Tuesday, January 16th. They set an "outperform" rating and a $95.00 price objective for the company. Finally, Mizuho reduced their price objective on shares of Shift4 Payments from $85.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Shift4 Payments presently has a consensus rating of "Moderate Buy" and an average target price of $83.75.

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.