Sheets Smith Wealth Management Makes New $219,000 Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Sheets Smith Wealth Management bought a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,314 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd acquired a new position in shares of Shift4 Payments during the 4th quarter worth $90,000. Clear Street Markets LLC acquired a new position in shares of Shift4 Payments during the 4th quarter worth $112,000. Natixis Investment Managers International acquired a new position in shares of Shift4 Payments during the 4th quarter worth $116,000. Qsemble Capital Management LP acquired a new position in shares of Shift4 Payments during the 4th quarter worth $227,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Shift4 Payments during the 4th quarter worth $229,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Price Performance

NYSE:FOUR opened at $70.72 on Thursday. The company has a 50-day moving average of $69.92 and a 200-day moving average of $70.83. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 47.46, a PEG ratio of 0.92 and a beta of 1.63. Shift4 Payments, Inc. has a 52 week low of $42.91 and a 52 week high of $92.30. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.70 and a current ratio of 1.70.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 25.21% and a net margin of 3.38%. As a group, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FOUR has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Redburn Atlantic upgraded shares of Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 target price on the stock in a research note on Friday, April 19th. The Goldman Sachs Group raised their target price on shares of Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Mizuho lowered their target price 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. Finally, Wedbush started coverage on shares of Shift4 Payments in a research note on Friday, May 24th. They issued a “neutral” rating and a $75.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus target price of $84.22.

Insider Transactions at Shift4 Payments

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $72.06, for a total transaction of $72,060.00. Following the completion of the transaction, the director now directly owns 9,474 shares of the company’s stock, valued at approximately $682,696.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $72.06, for a total transaction of $72,060.00. Following the completion of the transaction, the director now directly owns 9,474 shares of the company’s stock, valued at approximately $682,696.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jared Isaacman purchased 39,135 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of $64.04 per share, with a total value of $2,506,205.40. Following the completion of the acquisition, the chief executive officer now directly owns 621,962 shares in the company, valued at $39,830,446.48. The disclosure for this purchase can be found here. 30.57% of the stock is owned by insiders.

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.