Insight Wealth Strategies LLC Buys 743 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Insight Wealth Strategies LLC raised its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,737 shares of the company’s stock after purchasing an additional 743 shares during the period. Insight Wealth Strategies LLC’s holdings in Shift4 Payments were worth $788,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Moody National Bank Trust Division bought a new stake in Shift4 Payments in the 2nd quarter valued at $623,000. First Hawaiian Bank lifted its holdings in shares of Shift4 Payments by 8.8% during the 2nd quarter. First Hawaiian Bank now owns 7,195 shares of the company’s stock worth $528,000 after acquiring an additional 580 shares during the period. Virtu Financial LLC bought a new position in shares of Shift4 Payments during the 1st quarter worth about $3,203,000. Washington Harbour Partners LP bought a new position in shares of Shift4 Payments during the 1st quarter worth about $1,342,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Shift4 Payments by 21.7% during the 1st quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock worth $94,803,000 after acquiring an additional 255,741 shares during the period. 98.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FOUR shares. Morgan Stanley reduced their price objective on shares of Shift4 Payments from $70.00 to $66.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Redburn Atlantic raised shares of Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price objective for the company in a report on Friday, April 19th. Wedbush started coverage on shares of Shift4 Payments in a report on Friday, May 24th. They set a “neutral” rating and a $75.00 price objective for the company. The Goldman Sachs Group raised 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. Finally, Benchmark reiterated a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.47.

Insider Activity

In other Shift4 Payments news, CEO Jared Isaacman bought 39,135 shares of Shift4 Payments stock in a transaction dated Thursday, May 23rd. The shares were bought at an average price of $64.04 per share, with a total value of $2,506,205.40. Following the purchase, the chief executive officer now owns 621,962 shares of the company’s stock, valued at $39,830,446.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Jared Isaacman acquired 39,135 shares of Shift4 Payments stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of $64.04 per share, with a total value of $2,506,205.40. Following the purchase, the chief executive officer now directly owns 621,962 shares of the company’s stock, valued at $39,830,446.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total transaction of $723,400.00. Following the transaction, the chief financial officer now directly owns 274,954 shares in the company, valued at approximately $19,890,172.36. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Shift4 Payments Price Performance

FOUR traded up $1.26 during midday trading on Tuesday, hitting $62.52. The company had a trading volume of 1,024,238 shares, compared to its average volume of 1,358,989. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $5.47 billion, a PE ratio of 41.96, a P/E/G ratio of 0.82 and a beta of 1.63. Shift4 Payments, Inc. has a twelve month low of $42.91 and a twelve month high of $92.30. The firm’s 50-day simple moving average is $69.87 and its 200-day simple moving average is $70.18.

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). The company had revenue of $263.70 million during the quarter, compared to analyst estimates of $268.55 million. Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. Equities research analysts predict that Shift4 Payments, Inc. will post 3.04 EPS 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.