Hexagon Capital Partners LLC Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Hexagon Capital Partners LLC acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the 4th quarter, Holdings Channel.com reports. The firm acquired 12,328 shares of the company’s stock, valued at approximately $916,000.

Other institutional investors also recently bought and sold shares of the company. C M Bidwell & Associates Ltd. purchased a new position in Shift4 Payments during the 3rd quarter worth $35,000. Nemes Rush Group LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter valued at $79,000. Covestor Ltd increased its holdings in shares of Shift4 Payments by 49,166.7% in the 3rd quarter. Covestor Ltd now owns 1,478 shares of the company’s stock valued at $82,000 after acquiring an additional 1,475 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Shift4 Payments in the 4th quarter valued at $90,000. Finally, HMS Capital Management LLC purchased a new position in shares of Shift4 Payments in the 4th quarter valued at $240,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Stock Performance

FOUR traded down $1.89 on Tuesday, reaching $57.87. 1,164,397 shares of the stock were exchanged, compared to its average volume of 1,400,943. The company’s 50-day moving average price is $70.38 and its 200 day moving average price is $67.93. Shift4 Payments, Inc. has a fifty-two week low of $42.91 and a fifty-two week high of $92.30. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.64 and a quick ratio of 1.63. The firm has a market capitalization of $4.99 billion, a PE ratio of 40.75, a PEG ratio of 0.93 and a beta of 1.57.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). The company had revenue of $269.30 million during the quarter, compared to analyst estimates of $278.85 million. Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. As a group, sell-side analysts forecast that Shift4 Payments, Inc. will post 2.84 EPS for the current fiscal year.

Insider Activity

In other news, insider David Taylor Lauber sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the transaction, the insider now owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 32.14% of the company’s stock.

Analysts Set New Price Targets

FOUR has been the topic of a number of analyst reports. Mizuho reiterated a “buy” rating and issued a $85.00 price target on shares of Shift4 Payments in a report on Wednesday, March 27th. Piper Sandler reiterated an “overweight” rating and issued a $93.00 price target on shares of Shift4 Payments in a report on Wednesday, February 28th. Benchmark restated a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 19th. Evercore ISI dropped their target price on Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $94.00 target price on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus price target of $84.95.

About Shift4 Payments

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.