Bessemer Group Inc. Purchases 98,919 Shares of Shift4 Payments, Inc. $FOUR

Bessemer Group Inc. grew its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 36.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 368,981 shares of the company’s stock after buying an additional 98,919 shares during the period. Bessemer Group Inc. owned approximately 0.42% of Shift4 Payments worth $36,570,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SRH Advisors LLC bought a new position in Shift4 Payments during the 1st quarter worth $26,000. Banque Transatlantique SA bought a new position in Shift4 Payments during the 1st quarter worth $27,000. Harbour Investments Inc. bought a new position in Shift4 Payments during the 1st quarter worth $32,000. Valley National Advisers Inc. increased its position in Shift4 Payments by 41.7% during the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock worth $34,000 after buying an additional 125 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of Shift4 Payments by 100.0% during the 1st 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. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $76.68 on Tuesday. The stock’s 50-day simple moving average is $83.00 and its 200 day simple moving average is $88.91. The firm has a market capitalization of $6.78 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 0.77 and a beta of 1.69. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. Shift4 Payments, Inc. has a twelve month low of $68.09 and a twelve month high of $127.50.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate 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 net margin of 6.11% and a return on equity of 37.05%. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period last year, the business earned $0.96 earnings per share. On average, analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FOUR has been the topic of several analyst reports. UBS Group reissued a “buy” rating on shares of Shift4 Payments in a report on Wednesday, October 22nd. Piper Sandler reduced their target price on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, August 6th. Mizuho reduced their target price on Shift4 Payments from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings lowered Shift4 Payments from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. Finally, Truist Financial set a $80.00 target price on Shift4 Payments in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Insider Buying and Selling at Shift4 Payments

In other news, Chairman Jared Isaacman bought 104,705 shares of the company’s stock in a transaction on Monday, August 11th. The stock was purchased at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the transaction, the chairman owned 939,715 shares of the company’s stock, valued at $78,569,571.15. This trade represents a 12.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Taylor Lauber sold 2,500 shares of the 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 completion of the transaction, the chief executive officer owned 285,588 shares of the company’s stock, valued at $25,300,240.92. This represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 25.15% of the company’s stock.

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.