Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by Intellectus Partners LLC

Intellectus Partners LLC increased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,750 shares of the company’s stock after buying an additional 2,200 shares during the quarter. Intellectus Partners LLC’s holdings in Shift4 Payments were worth $1,484,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC purchased a new position in Shift4 Payments during the third quarter worth about $25,000. Transcendent Capital Group LLC purchased a new position in shares of Shift4 Payments during the 3rd quarter worth approximately $27,000. Toth Financial Advisory Corp purchased a new position in shares of Shift4 Payments during the 3rd quarter worth approximately $32,000. Financial Management Professionals Inc. acquired a new stake in Shift4 Payments in the 3rd quarter valued at approximately $56,000. Finally, Quarry LP purchased a new stake in Shift4 Payments in the second quarter valued at approximately $60,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FOUR. DA Davidson lifted their price objective on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer initiated coverage on Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price for the company. BTIG Research increased their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Piper Sandler boosted their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Stephens upped their price objective on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.15.

Shift4 Payments Stock Down 2.5 %

Shares of NYSE FOUR opened at $98.86 on Friday. The stock has a market cap of $8.76 billion, a PE ratio of 53.73, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. The company has a quick ratio of 1.34, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $106.31. The business has a 50-day moving average price of $90.32 and a 200 day moving average price of $77.37.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. The company had revenue of $365.10 million for the quarter, compared to the consensus estimate of $369.07 million. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.04 earnings per share for the current year.

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.