Thematics Asset Management Buys 5,713 Shares of Shift4 Payments, Inc. $FOUR

Thematics Asset Management lifted its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 2.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 209,713 shares of the company’s stock after acquiring an additional 5,713 shares during the period. Thematics Asset Management’s holdings in Shift4 Payments were worth $17,136,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FOUR. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments in the fourth quarter valued at about $26,000. SRH Advisors LLC bought a new stake in shares of Shift4 Payments in the first quarter valued at about $26,000. Elequin Capital LP lifted its stake in shares of Shift4 Payments by 62.3% in the fourth quarter. Elequin Capital LP now owns 297 shares of the company’s stock valued at $31,000 after buying an additional 114 shares during the period. Harbour Investments Inc. bought a new stake in shares of Shift4 Payments in the first quarter valued at about $32,000. Finally, Valley National Advisers Inc. lifted its stake in shares of Shift4 Payments by 41.7% in the first quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock valued at $34,000 after buying an additional 125 shares during the period. Institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling

In other news, insider James J. Whalen sold 794 shares of Shift4 Payments stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the transaction, the insider owned 56,324 shares in the company, valued at approximately $5,062,964.36. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Jared Isaacman bought 104,705 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was purchased at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the purchase, the chairman directly owned 939,715 shares of the company’s stock, valued at $78,569,571.15. The trade was a 12.54% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 14,551 shares of company stock valued at $1,329,822 in the last ninety days. 25.15% of the stock is owned by corporate insiders.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $91.0380 on Friday. Shift4 Payments, Inc. has a 1 year low of $68.09 and a 1 year high of $127.50. The firm has a 50 day moving average of $97.13 and a 200-day moving average of $92.74. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The stock has a market capitalization of $8.05 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 0.90 and a beta of 1.81.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The firm had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. During the same quarter last year, the firm posted $0.96 EPS. The business’s revenue was up 28.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FOUR. William Blair restated an “outperform” rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. UBS Group cut their price target on shares of Shift4 Payments from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Raymond James Financial restated a “strong-buy” rating and set a $140.00 price target (up previously from $130.00) on shares of Shift4 Payments in a research note on Friday, August 1st. Wall Street Zen cut shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, Benchmark upgraded shares of Shift4 Payments from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.40.

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.