Deepwater Asset Management LLC Acquires 39,589 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Deepwater Asset Management LLC increased its position in Shift4 Payments, Inc. (NYSE:FOUR) by 23.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,878 shares of the company’s stock after buying an additional 39,589 shares during the quarter. Shift4 Payments accounts for 5.1% of Deepwater Asset Management LLC’s portfolio, making the stock its 12th largest position. Deepwater Asset Management LLC owned about 0.24% of Shift4 Payments worth $13,668,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new stake in Shift4 Payments in the 4th quarter worth approximately $90,000. Clear Street Markets LLC bought a new stake in Shift4 Payments in the fourth quarter valued at approximately $112,000. Natixis Investment Managers International bought a new stake in Shift4 Payments in the fourth quarter valued at approximately $116,000. Qsemble Capital Management LP purchased a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $227,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $229,000. Institutional investors own 98.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FOUR shares. The Goldman Sachs Group reduced their target price on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Benchmark reaffirmed a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a research note on Friday, May 10th. Mizuho cut their target price on Shift4 Payments from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. DA Davidson reissued a “buy” rating and issued a $96.00 target price on shares of Shift4 Payments in a research note on Wednesday, May 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $94.00 target price on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.67.

Shift4 Payments Stock Performance

Shares of FOUR stock traded down $0.45 during trading hours on Tuesday, reaching $73.39. 394,109 shares of the company traded hands, compared to its average volume of 1,391,470. The firm has a 50-day moving average price of $66.94 and a 200 day moving average price of $71.01. The company has a market cap of $6.42 billion, a P/E ratio of 49.59, a P/E/G ratio of 0.94 and a beta of 1.63. Shift4 Payments, Inc. has a 12-month low of $42.91 and a 12-month high of $92.30. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.70 and a quick ratio of 1.70.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $263.70 million for the quarter, compared to the consensus estimate of $268.55 million. Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CEO Jared Isaacman bought 85,916 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average price of $67.09 per share, with a total value of $5,764,104.44. Following the purchase, the chief executive officer now owns 582,827 shares of the company’s stock, valued at $39,101,863.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total value of $723,400.00. Following the sale, the chief financial officer now owns 274,954 shares of the company’s stock, valued at approximately $19,890,172.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jared Isaacman bought 85,916 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average price of $67.09 per share, with a total value of $5,764,104.44. Following the acquisition, the chief executive officer now owns 582,827 shares in the company, valued at approximately $39,101,863.43. The disclosure for this purchase can be found here. 30.57% of the stock is owned by corporate insiders.

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.