Flagship Harbor Advisors LLC Raises Stake in Shift4 Payments, Inc. $FOUR

Flagship Harbor Advisors LLC increased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 4.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,008 shares of the company’s stock after purchasing an additional 370 shares during the period. Flagship Harbor Advisors LLC’s holdings in Shift4 Payments were worth $794,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Jennison Associates LLC lifted its holdings in Shift4 Payments by 2.6% during the 2nd quarter. Jennison Associates LLC now owns 1,636,924 shares of the company’s stock worth $162,236,000 after purchasing an additional 41,548 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Shift4 Payments by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 9,248 shares of the company’s stock worth $917,000 after purchasing an additional 357 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Shift4 Payments during the 2nd quarter worth about $660,000. Bessemer Group Inc. lifted its holdings in Shift4 Payments by 36.6% during the 2nd quarter. Bessemer Group Inc. now owns 368,981 shares of the company’s stock worth $36,570,000 after purchasing an additional 98,919 shares in the last quarter. Finally, Shaker Investments LLC OH lifted its holdings in Shift4 Payments by 1.9% during the 2nd quarter. Shaker Investments LLC OH now owns 5,556 shares of the company’s stock worth $551,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $66.22 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The stock has a market cap of $5.86 billion, a P/E ratio of 24.53, a PEG ratio of 0.71 and a beta of 1.69. The business’s 50-day moving average price is $81.83 and its two-hundred day moving average price is $88.67. Shift4 Payments, Inc. has a twelve month low of $66.11 and a twelve month high of $127.50.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on FOUR shares. BTIG Research reissued a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Raymond James Financial lowered their price target on Shift4 Payments from $126.00 to $120.00 and set a “strong-buy” rating on the stock in a report on Friday, October 10th. Oppenheimer lowered their price target on Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Piper Sandler lowered their price target on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $104.00 price target on shares of Shift4 Payments in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.85.

Insider Activity

In other news, CEO David Taylor Lauber sold 2,500 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James J. Whalen sold 794 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the transaction, the insider owned 56,324 shares in the company, valued at $5,062,964.36. This trade represents a 1.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 25.15% of the company’s stock.

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.