West Tower Group LLC Makes New Investment in Shift4 Payments, Inc. $FOUR

West Tower Group LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,000 shares of the company’s stock, valued at approximately $297,000.

Several other hedge funds have also recently made changes to their positions in FOUR. SRH Advisors LLC bought a new stake in shares of Shift4 Payments in the first quarter valued at $26,000. Banque Transatlantique SA bought a new stake in shares of Shift4 Payments in the first quarter valued at $27,000. Harbour Investments Inc. bought a new stake in shares of Shift4 Payments in the first quarter valued at $32,000. Valley National Advisers Inc. raised 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. Finally, Advisors Asset Management Inc. raised its stake in shares of Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after buying an additional 217 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Shift4 Payments news, insider James J. Whalen sold 794 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.89, for a total value of $71,372.66. Following the transaction, the insider directly owned 56,324 shares in the company, valued at $5,062,964.36. This represents a 1.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total value of $221,475.00. Following the completion of the transaction, the chief executive officer owned 285,588 shares in the company, valued at $25,300,240.92. This represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 25.15% of the company’s stock.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $74.05 on Monday. The firm has a market capitalization of $6.55 billion, a P/E ratio of 27.43, a P/E/G ratio of 0.74 and a beta of 1.69. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The stock’s 50-day simple moving average is $84.45 and its two-hundred day simple moving average is $88.93. Shift4 Payments, Inc. has a twelve month low of $68.09 and a twelve month high of $127.50.

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

Analyst Ratings Changes

FOUR has been the topic of several research reports. Weiss Ratings upgraded Shift4 Payments from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. BTIG Research reiterated a “buy” rating on shares of Shift4 Payments in a research note on Tuesday, August 5th. Piper Sandler decreased their price objective on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research note on Thursday, July 17th. They set a “buy” rating and a $120.00 price objective on the stock. Finally, Keefe, Bruyette & Woods decreased their price objective on Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.50.

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.