Harbour Investments Inc. Raises Stock Holdings in Shift4 Payments, Inc. $FOUR

Harbour Investments Inc. lifted its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 309.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,609 shares of the company’s stock after buying an additional 1,216 shares during the quarter. Harbour Investments Inc.’s holdings in Shift4 Payments were worth $159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FOUR. SRH Advisors LLC bought a new position in Shift4 Payments in the first quarter worth approximately $26,000. Banque Transatlantique SA bought a new position in Shift4 Payments in the first quarter worth approximately $27,000. Valley National Advisers Inc. grew its stake in Shift4 Payments by 41.7% in the first quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock worth $34,000 after purchasing an additional 125 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Shift4 Payments in the first quarter worth approximately $37,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Stock Down 2.1%

Shift4 Payments stock opened at $75.32 on Thursday. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 0.77 and a beta of 1.69. Shift4 Payments, Inc. has a 1-year low of $68.09 and a 1-year high of $127.50. The business has a fifty day moving average price of $83.82 and a 200-day moving average price of $88.78.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). The business had revenue of $413.40 million during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.96 EPS. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on FOUR. Oppenheimer dropped their price objective on Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Morgan Stanley dropped their target price on Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Friday, October 3rd. Wells Fargo & Company started coverage on Shift4 Payments in a research report on Tuesday. They set an “equal weight” rating and a $82.00 target price on the stock. UBS Group reaffirmed a “buy” rating on shares of Shift4 Payments in a research report on Wednesday. Finally, Weiss Ratings raised Shift4 Payments from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and a consensus price target of $110.05.

Insider Transactions at Shift4 Payments

In other news, CEO David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total value of $221,475.00. Following the completion of the sale, the chief executive officer owned 285,588 shares of the company’s stock, valued at $25,300,240.92. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James J. Whalen sold 794 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the sale, the insider directly owned 56,324 shares of the company’s stock, valued at $5,062,964.36. The trade was a 1.39% decrease in their position. The disclosure for this sale can be found here. 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.