Intellectus Partners LLC Increases Stake in Shift4 Payments, Inc. $FOUR

Intellectus Partners LLC increased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 17.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,625 shares of the company’s stock after buying an additional 2,700 shares during the period. Intellectus Partners LLC’s holdings in Shift4 Payments were worth $1,846,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FOUR. Durable Capital Partners LP increased its stake in shares of Shift4 Payments by 15.4% during the first quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company’s stock valued at $483,706,000 after buying an additional 788,952 shares during the period. Baird Financial Group Inc. increased its stake in shares of Shift4 Payments by 64.7% during the first quarter. Baird Financial Group Inc. now owns 580,814 shares of the company’s stock valued at $47,458,000 after buying an additional 228,079 shares during the period. Kodai Capital Management LP purchased a new position in shares of Shift4 Payments during the first quarter valued at $14,279,000. Senator Investment Group LP increased its stake in shares of Shift4 Payments by 32.4% during the first quarter. Senator Investment Group LP now owns 678,334 shares of the company’s stock valued at $55,427,000 after buying an additional 165,973 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Shift4 Payments during the first quarter valued at $12,312,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $69.20 on Monday. Shift4 Payments, Inc. has a 1-year low of $66.11 and a 1-year high of $127.50. The stock’s 50-day moving average is $81.39 and its 200 day moving average is $88.77. The company has a market cap of $6.12 billion, a P/E ratio of 25.63, a PEG ratio of 0.70 and a beta of 1.72. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). The company 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 period in the previous year, the business earned $0.96 EPS. Research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price target on Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. BTIG Research restated a “buy” rating on shares of Shift4 Payments in a research note on Tuesday, August 5th. Mizuho dropped their price objective on Shift4 Payments from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $104.00 price objective on shares of Shift4 Payments in a research report on Wednesday, August 6th. Finally, DA Davidson dropped their price objective on Shift4 Payments from $124.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.85.

Insiders Place Their Bets

In other Shift4 Payments news, Chairman Jared Isaacman purchased 104,705 shares of the stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the completion of the acquisition, the chairman owned 939,715 shares in the company, valued at $78,569,571.15. The trade was a 12.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James J. Whalen sold 794 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the sale, the insider directly owned 56,324 shares of the company’s stock, valued at approximately $5,062,964.36. This represents a 1.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.