Schwartz Investment Counsel Inc. Takes Position in Shift4 Payments, Inc. $FOUR

Schwartz Investment Counsel Inc. bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 125,000 shares of the company’s stock, valued at approximately $9,675,000. Schwartz Investment Counsel Inc. owned approximately 0.14% of Shift4 Payments as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FOUR. Allworth Financial LP lifted its position in Shift4 Payments by 410.9% during the second quarter. Allworth Financial LP now owns 281 shares of the company’s stock worth $28,000 after purchasing an additional 226 shares during the period. Advisors Asset Management Inc. raised its position in shares of Shift4 Payments by 100.0% in the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after buying an additional 217 shares in the last quarter. Blue Trust Inc. raised its position in shares of Shift4 Payments by 5,423.1% in the 3rd quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $56,000 after buying an additional 705 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Shift4 Payments by 33.5% during the 2nd quarter. UMB Bank n.a. now owns 713 shares of the company’s stock worth $71,000 after acquiring an additional 179 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Shift4 Payments by 441.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,159 shares of the company’s stock worth $90,000 after acquiring an additional 945 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Buying and Selling

In other Shift4 Payments news, insider James J. Whalen sold 1,438 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $71.50, for a total transaction of $102,817.00. Following the sale, the insider directly owned 54,736 shares of the company’s stock, valued at $3,913,624. The trade was a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Nancy Disman sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $69.50, for a total transaction of $347,500.00. Following the completion of the transaction, the director owned 130,420 shares of the company’s stock, valued at approximately $9,064,190. This trade represents a 3.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,438 shares of company stock worth $1,278,317 in the last ninety days. Company insiders own 25.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on FOUR. Truist Financial lowered their price objective on shares of Shift4 Payments from $80.00 to $74.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. The Goldman Sachs Group lowered their price target on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating for the company in a report on Friday, November 7th. Susquehanna dropped their price objective on Shift4 Payments from $115.00 to $101.00 and set a “positive” rating for the company in a research report on Thursday, January 8th. UBS Group decreased their target price on Shift4 Payments from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Loop Capital set a $80.00 target price on Shift4 Payments in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.40.

Shift4 Payments Trading Down 2.2%

NYSE FOUR opened at $64.43 on Monday. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 0.55 and a beta of 1.66. Shift4 Payments, Inc. has a twelve month low of $61.23 and a twelve month high of $127.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27. The business’s fifty day moving average is $67.26 and its 200 day moving average is $80.18.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.03). Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the business posted $1.04 earnings per share. Shift4 Payments’s revenue for the quarter was up 61.4% compared to the same quarter last year. As a group, sell-side analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Shift4 Payments Profile

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.