Fox Run Management L.L.C. Sells 1,212 Shares of Shift4 Payments, Inc. $FOUR

Fox Run Management L.L.C. trimmed its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 17.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,586 shares of the company’s stock after selling 1,212 shares during the period. Fox Run Management L.L.C.’s holdings in Shift4 Payments were worth $554,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Teacher Retirement System of Texas purchased a new stake in shares of Shift4 Payments during the first quarter valued at approximately $726,000. Envestnet Asset Management Inc. lifted its position in Shift4 Payments by 18.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 72,194 shares of the company’s stock valued at $5,899,000 after acquiring an additional 11,307 shares in the last quarter. Cerity Partners LLC lifted its position in Shift4 Payments by 10.0% in the 1st quarter. Cerity Partners LLC now owns 5,092 shares of the company’s stock valued at $416,000 after acquiring an additional 463 shares in the last quarter. Xponance Inc. boosted its stake in Shift4 Payments by 3.4% during the 1st quarter. Xponance Inc. now owns 13,295 shares of the company’s stock valued at $1,086,000 after purchasing an additional 432 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Shift4 Payments by 2.7% in the 1st quarter. Arizona State Retirement System now owns 17,486 shares of the company’s stock worth $1,429,000 after purchasing an additional 458 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Stock Up 0.5%

Shares of FOUR stock opened at $71.30 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.27. Shift4 Payments, Inc. has a 12 month low of $61.23 and a 12 month high of $127.50. The stock has a market cap of $6.31 billion, a P/E ratio of 33.48, a P/E/G ratio of 0.74 and a beta of 1.71. The company has a 50 day simple moving average of $78.31 and a two-hundred day simple moving average of $88.29.

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

Insider Activity

In other news, insider James J. Whalen sold 794 shares of Shift4 Payments stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.89, for a total transaction of $71,372.66. Following the transaction, the insider directly owned 56,324 shares of the company’s stock, valued at $5,062,964.36. The trade was a 1.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction that occurred 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 owned 285,588 shares of the company’s stock, valued at approximately $25,300,240.92. This trade represents a 0.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 25.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FOUR. Raymond James Financial restated a “strong-buy” rating and issued a $90.00 price target on shares of Shift4 Payments in a research note on Thursday, November 6th. Oppenheimer reduced their price objective on Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research note on Thursday, July 17th. They issued a “buy” rating and a $120.00 price target for the company. Piper Sandler lowered their price objective 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. Finally, Benchmark dropped their target price on shares of Shift4 Payments from $111.00 to $100.00 and set a “buy” rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $101.43.

Shift4 Payments 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.