First Dallas Securities Inc. Lowers Position in Shift4 Payments, Inc. $FOUR

First Dallas Securities Inc. lessened its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 19.4% in the second quarter, HoldingsChannel.com reports. The fund owned 3,225 shares of the company’s stock after selling 775 shares during the period. First Dallas Securities Inc.’s holdings in Shift4 Payments were worth $320,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. S.A. Mason LLC lifted its position in Shift4 Payments by 1.9% during the second quarter. S.A. Mason LLC now owns 5,377 shares of the company’s stock valued at $533,000 after purchasing an additional 102 shares during the last quarter. Prasad Wealth Partners LLC lifted its stake in Shift4 Payments by 1.9% during the second quarter. Prasad Wealth Partners LLC now owns 5,677 shares of the company’s stock worth $563,000 after purchasing an additional 105 shares during the last quarter. Shaker Investments LLC OH boosted its holdings in shares of Shift4 Payments by 1.9% in the 2nd quarter. Shaker Investments LLC OH now owns 5,556 shares of the company’s stock worth $551,000 after purchasing an additional 105 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Shift4 Payments by 2.8% in the 2nd quarter. Truist Financial Corp now owns 4,560 shares of the company’s stock worth $452,000 after purchasing an additional 123 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Shift4 Payments by 0.4% during the 2nd quarter. Amalgamated Bank now owns 32,173 shares of the company’s stock valued at $3,189,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Activity

In other Shift4 Payments news, insider James J. Whalen sold 794 shares of Shift4 Payments stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $89.89, for a total transaction of $71,372.66. Following the sale, the insider directly owned 56,324 shares of the company’s stock, valued at approximately $5,062,964.36. The trade was a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on 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 directly owned 285,588 shares of the company’s stock, 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. Company insiders own 25.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on FOUR shares. Susquehanna decreased their price target on shares of Shift4 Payments from $125.00 to $115.00 and set a “positive” rating on the stock in a research note on Friday. Piper Sandler decreased their target price on shares of Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th. Truist Financial set a $80.00 price target on shares of Shift4 Payments in a research report on Friday, October 24th. Oppenheimer decreased their price objective on Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Finally, Weiss Ratings cut Shift4 Payments from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and an average price target of $102.25.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $66.15 on Monday. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 0.69 and a beta of 1.72. The stock has a fifty day moving average of $79.06 and a 200 day moving average of $88.42. Shift4 Payments, Inc. has a 52 week low of $61.23 and a 52 week high of $127.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.03). The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.19 billion. Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The firm’s revenue for the quarter was up 61.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 earnings per share. Shift4 Payments has set its FY 2025 guidance at EPS. As a group, research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

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.