Flagship Harbor Advisors LLC Purchases 370 Shares of Shift4 Payments, Inc. $FOUR

Flagship Harbor Advisors LLC increased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,008 shares of the company’s stock after buying an additional 370 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Shift4 Payments were worth $794,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SRH Advisors LLC bought a new stake in Shift4 Payments during the first quarter worth $26,000. Banque Transatlantique SA bought a new stake in Shift4 Payments during the first quarter worth $27,000. Harbour Investments Inc. bought a new stake in Shift4 Payments during the first quarter worth $32,000. Advisors Asset Management Inc. grew its holdings in Shift4 Payments by 100.0% during the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after buying an additional 217 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Shift4 Payments during the first quarter worth $37,000. Institutional investors own 98.87% of the company’s stock.

Insider Activity

In other news, Chairman Jared Isaacman purchased 104,705 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were purchased at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the transaction, the chairman directly owned 939,715 shares of the company’s stock, valued at approximately $78,569,571.15. This represents a 12.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total value of $221,475.00. Following the transaction, the chief executive officer directly owned 285,588 shares in the company, valued at $25,300,240.92. This represents a 0.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 25.15% of the company’s stock.

Shift4 Payments Stock Down 5.4%

Shares of NYSE:FOUR opened at $66.22 on Friday. The company has a market capitalization of $5.86 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 0.71 and a beta of 1.69. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. The business has a fifty day moving average price of $81.83 and a two-hundred day moving average price of $88.67. Shift4 Payments, Inc. has a 1 year low of $66.11 and a 1 year high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data 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 business 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 company earned $0.96 EPS. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. Analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings downgraded Shift4 Payments from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Raymond James Financial decreased their price target on Shift4 Payments from $126.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, October 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $104.00 price target on shares of Shift4 Payments in a report on Wednesday, August 6th. Keefe, Bruyette & Woods cut their price objective on Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Finally, Piper Sandler reduced their price objective on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $107.85.

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.