Truvestments Capital LLC Acquires New Position in Shift4 Payments, Inc. (NYSE:FOUR)

Truvestments Capital LLC bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the first quarter, HoldingsChannel reports. The firm bought 2,711 shares of the company’s stock, valued at approximately $179,000.

A number of other large investors also recently bought and sold shares of FOUR. HMS Capital Management LLC boosted its holdings in shares of Shift4 Payments by 5.4% in the 1st quarter. HMS Capital Management LLC now owns 3,410 shares of the company’s stock valued at $225,000 after buying an additional 175 shares during the period. Lewis Asset Management LLC lifted its holdings in Shift4 Payments by 3.2% in the first quarter. Lewis Asset Management LLC now owns 5,585 shares of the company’s stock worth $369,000 after acquiring an additional 175 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in Shift4 Payments by 79.0% in the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after acquiring an additional 347 shares during the period. Truist Financial Corp boosted its stake in Shift4 Payments by 2.1% in the fourth quarter. Truist Financial Corp now owns 22,836 shares of the company’s stock valued at $1,698,000 after acquiring an additional 466 shares during the period. Finally, Swiss National Bank raised its position in shares of Shift4 Payments by 0.9% during the 1st quarter. Swiss National Bank now owns 101,000 shares of the company’s stock worth $6,673,000 after purchasing an additional 900 shares during the period. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Price Performance

FOUR stock traded up $1.07 during trading hours on Friday, hitting $69.53. 733,468 shares of the stock traded hands, compared to its average volume of 1,145,157. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.96. The stock has a 50-day simple moving average of $70.12 and a 200 day simple moving average of $70.63. Shift4 Payments, Inc. has a one year low of $42.91 and a one year high of $92.30. The company has a market cap of $6.09 billion, a P/E ratio of 46.66, a P/E/G ratio of 0.88 and a beta of 1.63.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. The business had revenue of $263.70 million for the quarter, compared to the consensus estimate of $268.55 million. Equities analysts forecast that Shift4 Payments, Inc. will post 3.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $72.06, for a total transaction of $72,060.00. Following the completion of the sale, the director now directly owns 9,474 shares of the company’s stock, valued at approximately $682,696.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $72.06, for a total transaction of $72,060.00. Following the sale, the director now owns 9,474 shares in the company, valued at approximately $682,696.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jared Isaacman bought 85,916 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was purchased at an average price of $67.09 per share, with a total value of $5,764,104.44. Following the completion of the acquisition, the chief executive officer now owns 582,827 shares of the company’s stock, valued at $39,101,863.43. The disclosure for this purchase can be found here. 30.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FOUR. Royal Bank of Canada restated an “outperform” rating and set a $94.00 price objective on shares of Shift4 Payments in a research report on Wednesday, April 3rd. Mizuho lowered their price target on shares of Shift4 Payments from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, May 13th. The Goldman Sachs Group increased their price objective on shares of Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Benchmark reissued a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research note on Wednesday, July 17th. Finally, Redburn Atlantic upgraded shares of Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 target price for the company in a research report on Friday, April 19th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.22.

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.