Schechter Investment Advisors LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,647 shares of the company’s stock, valued at approximately $201,000.
A number of other large investors have also made changes to their positions in the company. Arizona State Retirement System grew its stake in shares of Shift4 Payments by 6.5% during the 1st quarter. Arizona State Retirement System now owns 14,590 shares of the company’s stock valued at $1,106,000 after purchasing an additional 893 shares during the period. Strs Ohio bought a new stake in shares of Shift4 Payments during the 1st quarter valued at $689,000. Penserra Capital Management LLC grew its position in shares of Shift4 Payments by 56.6% during the 1st quarter. Penserra Capital Management LLC now owns 22,063 shares of the company’s stock valued at $1,672,000 after acquiring an additional 7,970 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Shift4 Payments during the 1st quarter valued at $186,000. Finally, Harbour Capital Advisors LLC bought a new position in shares of Shift4 Payments during the 1st quarter valued at approximately $308,000. 67.00% of the stock is currently owned by institutional investors.
Insider Activity at Shift4 Payments
In other Shift4 Payments news, insider David Taylor Lauber sold 10,000 shares of Shift4 Payments stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $66.33, for a total transaction of $663,300.00. Following the completion of the sale, the insider now directly owns 212,192 shares of the company’s stock, valued at approximately $14,074,695.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 32.14% of the stock is currently owned by company insiders.
Shift4 Payments Price Performance
Shift4 Payments (NYSE:FOUR – Get Free Report) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. Shift4 Payments had a net margin of 4.55% and a return on equity of 18.30%. The company had revenue of $200.00 million during the quarter, compared to analyst estimates of $191.93 million. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post 1.65 earnings per share for the current year.
Analyst Upgrades and Downgrades
FOUR has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Shift4 Payments from $86.00 to $93.00 in a research note on Wednesday, July 12th. Moffett Nathanson upgraded shares of Shift4 Payments from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $75.00 to $80.00 in a research report on Wednesday, June 14th. BTIG Research began coverage on shares of Shift4 Payments in a research report on Thursday, June 15th. They set a “buy” rating and a $83.00 target price for the company. Morgan Stanley upped their target price on shares of Shift4 Payments from $35.00 to $50.00 and gave the stock an “underweight” rating in a research report on Monday, April 17th. Finally, Piper Sandler restated an “overweight” rating and set a $85.00 target price on shares of Shift4 Payments in a research report on Friday, April 21st. One investment analyst has rated the stock with a sell rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.93.
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.
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