Intellectus Partners LLC Purchases 2,700 Shares of Shift4 Payments, Inc. $FOUR

Intellectus Partners LLC grew its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 17.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 18,625 shares of the company’s stock after acquiring an additional 2,700 shares during the quarter. Intellectus Partners LLC’s holdings in Shift4 Payments were worth $1,846,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Durable Capital Partners LP boosted its position in shares of Shift4 Payments by 15.4% during the 1st quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company’s stock valued at $483,706,000 after acquiring an additional 788,952 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Shift4 Payments by 2.6% during the 2nd quarter. Jennison Associates LLC now owns 1,636,924 shares of the company’s stock valued at $162,236,000 after acquiring an additional 41,548 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Shift4 Payments by 13.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,253,401 shares of the company’s stock valued at $102,420,000 after acquiring an additional 144,111 shares during the last quarter. Senator Investment Group LP boosted its position in shares of Shift4 Payments by 32.4% during the 1st quarter. Senator Investment Group LP now owns 678,334 shares of the company’s stock valued at $55,427,000 after acquiring an additional 165,973 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Shift4 Payments by 64.7% during the 1st quarter. Baird Financial Group Inc. now owns 580,814 shares of the company’s stock valued at $47,458,000 after acquiring an additional 228,079 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Stock Up 4.4%

Shares of FOUR opened at $69.20 on Monday. The company has a market cap of $6.12 billion, a PE ratio of 25.63, a P/E/G ratio of 0.70 and a beta of 1.72. The business has a fifty day moving average of $81.39 and a 200 day moving average of $88.77. Shift4 Payments, Inc. has a 52-week low of $66.11 and a 52-week high of $127.50. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99.

Shift4 Payments (NYSE:FOUR) last released 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). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The business had revenue of $413.40 million during the quarter, compared to analysts’ expectations of $967.84 million. During the same quarter in the previous year, the business earned $0.96 EPS. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. On average, sell-side analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insiders Place Their Bets

In other Shift4 Payments news, insider James J. Whalen sold 794 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $89.89, for a total value of $71,372.66. Following the sale, the insider owned 56,324 shares in the company, valued at $5,062,964.36. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Jared Isaacman bought 104,705 shares of Shift4 Payments stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the purchase, the chairman owned 939,715 shares of the company’s stock, valued at approximately $78,569,571.15. This trade represents a 12.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 25.15% of the company’s stock.

Wall Street Analyst Weigh In

FOUR has been the subject of a number of research reports. UBS Group reiterated a “buy” rating on shares of Shift4 Payments in a research report on Wednesday, October 22nd. BTIG Research reiterated a “buy” rating on shares of Shift4 Payments in a research report on Tuesday, August 5th. The Goldman Sachs Group restated a “buy” rating and issued a $104.00 price target on shares of Shift4 Payments in a research report on Wednesday, August 6th. Piper Sandler lowered their price target on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Finally, Mizuho lowered their price target on Shift4 Payments from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.