Exchange Traded Concepts LLC Purchases 876 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Exchange Traded Concepts LLC increased its position in Shift4 Payments, Inc. (NYSE:FOUR) by 3.5% during the third quarter, Holdings Channel.com reports. The firm owned 25,705 shares of the company’s stock after buying an additional 876 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Shift4 Payments were worth $2,277,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. J.Safra Asset Management Corp lifted its stake in Shift4 Payments by 79.0% during the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after acquiring an additional 347 shares in the last quarter. Quarry LP bought a new position in Shift4 Payments during the 2nd quarter valued at $60,000. CWM LLC lifted its stake in Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after acquiring an additional 241 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Shift4 Payments by 52,033.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company’s stock valued at $108,000 after acquiring an additional 1,561 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Shift4 Payments during the 2nd quarter valued at $114,000. 98.87% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $94.04 on Tuesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The business has a 50 day moving average of $82.36 and a 200 day moving average of $72.56. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 63.11, a PEG ratio of 1.01 and a beta of 1.64. Shift4 Payments, Inc. has a 1-year low of $42.91 and a 1-year high of $96.90.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 earnings per share. On average, sell-side analysts predict that Shift4 Payments, Inc. will post 3.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FOUR. Susquehanna restated a “positive” rating and set a $97.00 price objective on shares of Shift4 Payments in a research note on Thursday, September 12th. William Blair initiated coverage on Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating for the company. DA Davidson lifted their price objective on Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, August 9th. BTIG Research lifted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their target price on Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $92.40.

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.