West Tower Group LLC Invests $297,000 in Shift4 Payments, Inc. $FOUR

West Tower Group LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. S.A. Mason LLC boosted its holdings in shares of Shift4 Payments by 1.9% in the 2nd quarter. S.A. Mason LLC now owns 5,377 shares of the company’s stock worth $533,000 after purchasing an additional 102 shares in the last quarter. Prasad Wealth Partners LLC boosted its holdings in Shift4 Payments by 1.9% during the 2nd quarter. Prasad Wealth Partners LLC now owns 5,677 shares of the company’s stock valued at $563,000 after acquiring an additional 105 shares during the period. Truist Financial Corp boosted its holdings in Shift4 Payments by 2.8% during the 2nd quarter. Truist Financial Corp now owns 4,560 shares of the company’s stock valued at $452,000 after acquiring an additional 123 shares during the period. Valley National Advisers Inc. boosted its holdings in Shift4 Payments by 41.7% during the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock valued at $34,000 after acquiring an additional 125 shares during the period. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in Shift4 Payments by 31.4% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company’s stock valued at $43,000 after acquiring an additional 127 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Shift4 Payments

In other news, insider James J. Whalen sold 794 shares of the stock in a transaction that occurred on 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 transaction, the insider 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jared Isaacman bought 104,705 shares of the firm’s stock in a transaction dated 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 transaction, the chairman directly owned 939,715 shares in the company, valued at approximately $78,569,571.15. This represents a 12.54% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 25.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FOUR. Piper Sandler dropped their target price on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Keefe, Bruyette & Woods dropped their target price on Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a report on Thursday, July 17th. They set a “buy” rating and a $120.00 target price for the company. Mizuho dropped their target price on Shift4 Payments from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $104.00 target price on shares of Shift4 Payments in a report on Wednesday, August 6th. Two 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $111.50.

Shift4 Payments Trading Down 0.0%

FOUR opened at $74.05 on Monday. The business has a 50 day simple moving average of $84.45 and a two-hundred day simple moving average of $88.93. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 0.74 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, Inc. has a one year low of $68.09 and a one year high of $127.50.

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

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.