Janus Henderson Group PLC Acquires 255,741 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Janus Henderson Group PLC raised its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 21.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,434,890 shares of the company’s stock after acquiring an additional 255,741 shares during the period. Janus Henderson Group PLC owned approximately 1.66% of Shift4 Payments worth $94,803,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FOUR. J.Safra Asset Management Corp lifted its stake in Shift4 Payments by 79.0% in the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after buying an additional 347 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Shift4 Payments during the fourth quarter worth about $90,000. Clear Street Markets LLC acquired a new position in Shift4 Payments in the fourth quarter valued at about $112,000. Natixis Investment Managers International bought a new stake in shares of Shift4 Payments in the fourth quarter worth about $116,000. Finally, EntryPoint Capital LLC raised its position in shares of Shift4 Payments by 296.2% during the first quarter. EntryPoint Capital LLC now owns 2,413 shares of the company’s stock worth $159,000 after purchasing an additional 1,804 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

FOUR has been the topic of a number of research reports. Mizuho cut their price target on shares of Shift4 Payments from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. Morgan Stanley lowered their price objective on shares of Shift4 Payments from $70.00 to $66.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $94.00 price target on shares of Shift4 Payments in a research note on Wednesday, April 3rd. DA Davidson reiterated a “buy” rating and set a $96.00 target price on shares of Shift4 Payments in a report on Wednesday, May 15th. Finally, Wedbush started coverage on shares of Shift4 Payments in a research report on Friday, May 24th. They set a “neutral” rating and a $75.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.22.

Insiders Place Their Bets

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $72.06, for a total transaction of $72,060.00. Following the transaction, the director now directly owns 9,474 shares of the company’s stock, valued at $682,696.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Jared Isaacman acquired 39,135 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of $64.04 per share, with a total value of $2,506,205.40. Following the completion of the purchase, the chief executive officer now directly owns 621,962 shares of the company’s stock, valued at $39,830,446.48. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $72.06, for a total transaction of $72,060.00. Following the completion of the sale, the director now directly owns 9,474 shares of the company’s stock, valued at $682,696.44. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Price Performance

Shift4 Payments stock traded up $0.20 during midday trading on Wednesday, hitting $69.12. 187,965 shares of the company’s stock were exchanged, compared to its average volume of 1,352,657. Shift4 Payments, Inc. has a 52-week low of $42.91 and a 52-week high of $92.30. The company has a market cap of $6.05 billion, a P/E ratio of 46.60, a PEG ratio of 0.88 and a beta of 1.63. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a 50-day moving average price of $70.15 and a two-hundred day moving average price of $70.53.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, May 9th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $263.70 million for the quarter, compared to analysts’ expectations of $268.55 million. Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. On average, equities research analysts forecast that Shift4 Payments, Inc. will post 3.04 earnings per share for the current 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.