12,652 Shares in Shift4 Payments, Inc. $FOUR Bought by TD Asset Management Inc

TD Asset Management Inc bought a new position in Shift4 Payments, Inc. (NYSE:FOUR) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 12,652 shares of the company’s stock, valued at approximately $1,254,000.

Several other large investors also recently modified their holdings of the business. Verdence Capital Advisors LLC grew its stake in shares of Shift4 Payments by 6.0% during the second quarter. Verdence Capital Advisors LLC now owns 4,451 shares of the company’s stock valued at $441,000 after acquiring an additional 253 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in Shift4 Payments in the 2nd quarter worth approximately $240,000. Maestria Partners LLC grew its holdings in Shift4 Payments by 2.8% in the 2nd quarter. Maestria Partners LLC now owns 272,700 shares of the company’s stock worth $27,027,000 after buying an additional 7,500 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Shift4 Payments by 27.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,832 shares of the company’s stock valued at $578,000 after purchasing an additional 1,246 shares in the last quarter. Finally, Argyle Capital Management LLC boosted its stake in Shift4 Payments by 7.1% during the 2nd quarter. Argyle Capital Management LLC now owns 13,500 shares of the company’s stock valued at $1,338,000 after purchasing an additional 900 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group reiterated a “buy” rating on shares of Shift4 Payments in a research report on Wednesday. Mizuho cut their target price on Shift4 Payments from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Piper Sandler cut their target price on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research report on Thursday, July 17th. They issued a “buy” rating and a $120.00 price target on the stock. Finally, DA Davidson set a $124.00 target price on shares of Shift4 Payments in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average price target of $110.05.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, Chairman Jared Isaacman bought 104,705 shares of the company’s stock in a transaction on Monday, August 11th. The stock was bought 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 of the company’s stock, valued at approximately $78,569,571.15. The trade was a 12.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $221,475.00. Following the sale, the chief executive officer owned 285,588 shares of the company’s stock, valued at $25,300,240.92. The trade was a 0.87% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 25.15% of the company’s stock.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $75.32 on Thursday. The firm has a 50 day simple moving average of $83.82 and a 200 day simple moving average of $88.78. The firm has a market cap of $6.66 billion, a P/E ratio of 27.90, a P/E/G ratio of 0.77 and a beta of 1.69. Shift4 Payments, Inc. has a fifty-two week low of $68.09 and a fifty-two week high of $127.50. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53.

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

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.