Ingalls & Snyder LLC Sells 36,173 Shares of Shift4 Payments, Inc. $FOUR

Ingalls & Snyder LLC lessened its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 59.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,654 shares of the company’s stock after selling 36,173 shares during the period. Ingalls & Snyder LLC’s holdings in Shift4 Payments were worth $2,443,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its position in Shift4 Payments by 54.7% in the first quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company’s stock worth $98,000 after purchasing an additional 424 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in Shift4 Payments by 5.6% in the first quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company’s stock worth $298,000 after purchasing an additional 194 shares during the last quarter. Spire Wealth Management increased its position in Shift4 Payments by 24.0% in the first quarter. Spire Wealth Management now owns 1,012 shares of the company’s stock worth $83,000 after purchasing an additional 196 shares during the last quarter. New York State Teachers Retirement System increased its position in Shift4 Payments by 1.1% in the first quarter. New York State Teachers Retirement System now owns 46,009 shares of the company’s stock worth $3,759,000 after purchasing an additional 500 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its position in Shift4 Payments by 48.8% in the first quarter. Rice Hall James & Associates LLC now owns 343,751 shares of the company’s stock worth $28,088,000 after purchasing an additional 112,717 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Trading Up 0.4%

NYSE FOUR opened at $76.26 on Monday. The company’s 50-day moving average price is $83.27 and its 200-day moving average price is $88.95. 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 stock has a market cap of $6.74 billion, a PE ratio of 28.24, a PEG ratio of 0.77 and a beta of 1.69. Shift4 Payments, Inc. has a 12 month low of $68.09 and a 12 month high of $127.50.

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

Insider Transactions at Shift4 Payments

In other news, CEO David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total value of $221,475.00. Following the transaction, the chief executive officer directly owned 285,588 shares in the company, valued at approximately $25,300,240.92. This represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James J. Whalen sold 794 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.89, for a total transaction of $71,372.66. Following the transaction, the insider owned 56,324 shares in the company, valued at approximately $5,062,964.36. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 25.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BTIG Research restated a “buy” rating on shares of Shift4 Payments in a research report on Tuesday, August 5th. Oppenheimer cut 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 report on Friday, October 17th. Truist Financial set a $80.00 price objective on shares of Shift4 Payments in a research report on Friday. Piper Sandler cut their price objective 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. Finally, Raymond James Financial cut their price objective on shares of Shift4 Payments from $126.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

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.