Mutual of America Capital Management LLC Grows Holdings in Shift4 Payments, Inc. $FOUR

Mutual of America Capital Management LLC lifted its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,888 shares of the company’s stock after purchasing an additional 1,282 shares during the quarter. Mutual of America Capital Management LLC owned about 0.09% of Shift4 Payments worth $7,719,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. VELA Investment Management LLC purchased a new stake in Shift4 Payments during the 2nd quarter valued at about $1,675,000. AssuredPartners Investment Advisors LLC raised its stake in shares of Shift4 Payments by 34.7% in the second quarter. AssuredPartners Investment Advisors LLC now owns 8,648 shares of the company’s stock worth $857,000 after purchasing an additional 2,229 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Shift4 Payments by 0.9% during the second quarter. Nordea Investment Management AB now owns 59,360 shares of the company’s stock valued at $5,897,000 after purchasing an additional 536 shares in the last quarter. Curated Wealth Partners LLC bought a new stake in Shift4 Payments in the 2nd quarter worth about $256,000. Finally, Harbour Investments Inc. raised its position in Shift4 Payments by 309.4% in the 2nd quarter. Harbour Investments Inc. now owns 1,609 shares of the company’s stock worth $159,000 after buying an additional 1,216 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Jared Isaacman acquired 104,705 shares of the stock in a transaction on Monday, August 11th. The shares were acquired at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the transaction, the chairman owned 939,715 shares in the company, valued at approximately $78,569,571.15. This trade represents a 12.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James J. Whalen sold 794 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $89.89, for a total transaction of $71,372.66. Following the completion of the transaction, the insider owned 56,324 shares of the company’s stock, valued at approximately $5,062,964.36. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 25.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Shift4 Payments from $97.00 to $109.00 and gave the stock a “hold” rating in a report on Thursday, July 17th. BTIG Research restated a “buy” rating on shares of Shift4 Payments in a research report on Tuesday, August 5th. Morgan Stanley dropped their price target on shares of Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Friday, October 3rd. Raymond James Financial lowered their price objective on Shift4 Payments from $126.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 10th. Finally, Piper Sandler lowered their target price on shares of Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.50.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $76.01 on Tuesday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53. The company has a market capitalization of $6.72 billion, a PE ratio of 28.15, a P/E/G ratio of 0.74 and a beta of 1.69. The company has a 50-day simple moving average of $84.31 and a two-hundred day simple moving average of $88.95. Shift4 Payments, Inc. has a one year low of $68.09 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.10). Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The business had revenue of $413.40 million for the quarter, compared to analysts’ expectations of $967.84 million. During the same quarter in the prior year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. Research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

About Shift4 Payments

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.