Shift4 Payments, Inc. $FOUR Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its position in Shift4 Payments, Inc. (NYSE:FOUR) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,888 shares of the company’s stock after purchasing an additional 1,282 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Shift4 Payments were worth $7,719,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FOUR. S.A. Mason LLC grew its holdings in Shift4 Payments by 1.9% in the 2nd quarter. S.A. Mason LLC now owns 5,377 shares of the company’s stock valued at $533,000 after buying an additional 102 shares in the last quarter. Prasad Wealth Partners LLC lifted its holdings in Shift4 Payments by 1.9% in the second quarter. Prasad Wealth Partners LLC now owns 5,677 shares of the company’s stock valued at $563,000 after acquiring an additional 105 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Shift4 Payments by 2.8% during the 2nd quarter. Truist Financial Corp now owns 4,560 shares of the company’s stock worth $452,000 after purchasing an additional 123 shares during the period. Valley National Advisers Inc. raised its stake in shares of Shift4 Payments by 41.7% in the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock valued at $34,000 after acquiring an additional 125 shares during the period. Finally, Riggs Asset Managment Co. Inc. lifted its stake in Shift4 Payments by 31.4% during the first quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company’s stock worth $43,000 after purchasing an additional 127 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider James J. Whalen sold 794 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $89.89, for a total transaction of $71,372.66. Following the completion of the sale, the insider owned 56,324 shares in the company, valued at approximately $5,062,964.36. This represents a 1.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Jared Isaacman purchased 104,705 shares of Shift4 Payments stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the transaction, the chairman owned 939,715 shares in the company, valued at $78,569,571.15. This represents 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 Price Performance

FOUR opened at $76.01 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The company has a fifty day simple moving average of $84.31 and a 200 day simple moving average of $88.95. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 0.74 and a beta of 1.69. Shift4 Payments, Inc. has a twelve month low of $68.09 and a twelve month high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.10). The business had revenue of $413.40 million for the quarter, compared to analysts’ expectations of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.Shift4 Payments’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share. Equities research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on FOUR. Weiss Ratings raised Shift4 Payments from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Oppenheimer lowered their price objective on shares of Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Friday. Piper Sandler decreased their target price on shares of Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th. Truist Financial increased their target price on Shift4 Payments from $97.00 to $109.00 and gave the stock a “hold” rating in a research report on Thursday, July 17th. Finally, UBS Group decreased their target price on shares of Shift4 Payments from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.50.

Shift4 Payments Company 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.