Shift4 Payments, Inc. $FOUR Holdings Lowered by Stonekeep Investments LLC

Stonekeep Investments LLC trimmed its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 31.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,663 shares of the company’s stock after selling 1,203 shares during the quarter. Stonekeep Investments LLC’s holdings in Shift4 Payments were worth $264,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its position in Shift4 Payments by 0.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 163,718 shares of the company’s stock worth $16,226,000 after purchasing an additional 870 shares during the last quarter. Triumph Capital Management increased its position in Shift4 Payments by 7.7% in the 2nd quarter. Triumph Capital Management now owns 4,937 shares of the company’s stock worth $489,000 after purchasing an additional 355 shares during the last quarter. Parallel Advisors LLC increased its position in Shift4 Payments by 9.0% in the 2nd quarter. Parallel Advisors LLC now owns 3,835 shares of the company’s stock worth $380,000 after purchasing an additional 318 shares during the last quarter. Neville Rodie & Shaw Inc. acquired a new position in Shift4 Payments in the 2nd quarter worth about $538,000. Finally, Strs Ohio acquired a new position in Shift4 Payments in the 1st quarter worth about $930,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the sale, the chief executive officer directly owned 285,588 shares of the company’s stock, valued at $25,300,240.92. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Jared Isaacman acquired 104,705 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was bought at an average price 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. The trade was a 12.54% increase in their position. The disclosure for this purchase can be found here. Insiders own 25.15% of the company’s stock.

Shift4 Payments Stock Up 0.6%

NYSE FOUR opened at $86.88 on Thursday. The stock has a fifty day moving average of $93.87 and a 200-day moving average of $90.18. The stock has a market capitalization of $7.68 billion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 0.85 and a beta of 1.72. Shift4 Payments, Inc. has a 52 week low of $68.09 and a 52 week high of $127.50. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53.

Shift4 Payments (NYSE:FOUR) last released 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 firm 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%. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period last year, the business posted $0.96 earnings per share. On average, equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on FOUR. Morgan Stanley dropped their target price on 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. UBS Group decreased their price target on Shift4 Payments from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Truist Financial upped their price target on Shift4 Payments from $97.00 to $109.00 and gave the stock a “hold” rating in a research note on Thursday, July 17th. B. Riley reiterated a “buy” rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Finally, Wall Street Zen downgraded Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.21.

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.