QRG Capital Management Inc. Sells 388 Shares of Shift4 Payments, Inc. $FOUR

QRG Capital Management Inc. lessened its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,624 shares of the company’s stock after selling 388 shares during the quarter. QRG Capital Management Inc.’s holdings in Shift4 Payments were worth $458,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Durable Capital Partners LP boosted its stake in Shift4 Payments by 15.4% during the 1st quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company’s stock valued at $483,706,000 after purchasing an additional 788,952 shares during the period. Perpetual Ltd bought a new stake in Shift4 Payments during the 1st quarter valued at approximately $56,863,000. Baird Financial Group Inc. boosted its stake in Shift4 Payments by 64.7% during the 1st quarter. Baird Financial Group Inc. now owns 580,814 shares of the company’s stock valued at $47,458,000 after purchasing an additional 228,079 shares during the period. Kodai Capital Management LP bought a new stake in Shift4 Payments during the 1st quarter valued at approximately $14,279,000. Finally, Senator Investment Group LP boosted its stake in Shift4 Payments by 32.4% during the 1st quarter. Senator Investment Group LP now owns 678,334 shares of the company’s stock valued at $55,427,000 after purchasing an additional 165,973 shares during the period. Institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research note on Thursday, July 17th. They set a “buy” rating and a $120.00 target price for the company. Truist Financial increased their target price on Shift4 Payments from $97.00 to $109.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. Weiss Ratings upgraded Shift4 Payments from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Raymond James Financial cut their price target on Shift4 Payments from $126.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday. Finally, Piper Sandler cut their price target on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.65.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, Chairman Jared Isaacman purchased 104,705 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average cost of $83.61 per share, with a total value of $8,754,385.05. Following the acquisition, the chairman directly owned 939,715 shares of the company’s stock, valued at approximately $78,569,571.15. This trade represents a 12.54% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total value of $221,475.00. Following the sale, the chief executive officer directly 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. Insiders own 25.15% of the company’s stock.

Shift4 Payments Trading Down 2.6%

FOUR stock opened at $77.28 on Friday. The business has a fifty day moving average price of $85.62 and a 200 day moving average price of $89.15. Shift4 Payments, Inc. has a fifty-two week low of $68.09 and a fifty-two week high of $127.50. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 28.62, a P/E/G ratio of 0.79 and a beta of 1.69. 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 released its quarterly earnings results 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). Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The business had revenue of $413.40 million for the quarter, compared to analyst estimates of $967.84 million. During the same period in the prior year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. Analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

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.