18,792 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Bought by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,792 shares of the company’s stock, valued at approximately $1,378,000.

A number of other large investors have also recently bought and sold shares of FOUR. Wasatch Advisors LP grew its holdings in Shift4 Payments by 34.3% in the first quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock valued at $228,031,000 after purchasing an additional 881,216 shares during the period. Kodai Capital Management LP bought a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $59,520,000. Jennison Associates LLC lifted its position in shares of Shift4 Payments by 25.7% in the 4th quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock worth $218,936,000 after buying an additional 601,749 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in Shift4 Payments by 72.8% in the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after acquiring an additional 561,707 shares during the period. Finally, Scout Investments Inc. bought a new position in Shift4 Payments during the 1st quarter worth $34,108,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FOUR. Morgan Stanley upped their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Mizuho lowered their price objective on shares of Shift4 Payments from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, May 13th. Wedbush started coverage on shares of Shift4 Payments in a research note on Friday, May 24th. They issued a “neutral” rating and a $75.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a research note on Wednesday, July 17th. Finally, Stephens reiterated an “overweight” rating and issued a $90.00 price objective on shares of Shift4 Payments in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.44.

Insider Buying and Selling

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $72.06, for a total value of $72,060.00. Following the transaction, the director now directly owns 9,474 shares in the company, valued at $682,696.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Jared Isaacman purchased 39,135 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of $64.04 per share, for a total transaction of $2,506,205.40. Following the completion of the acquisition, the chief executive officer now directly owns 621,962 shares in the company, valued at approximately $39,830,446.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $72.06, for a total value of $72,060.00. Following the transaction, the director now owns 9,474 shares in the company, valued at approximately $682,696.44. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Shift4 Payments Stock Down 0.5 %

FOUR stock traded down $0.38 during trading on Friday, reaching $81.49. 1,996,350 shares of the stock were exchanged, compared to its average volume of 1,447,076. 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 firm’s 50 day moving average is $70.77 and its 200 day moving average is $70.24. Shift4 Payments, Inc. has a twelve month low of $42.91 and a twelve month high of $92.30. The firm has a market cap of $7.13 billion, a P/E ratio of 54.72, a price-to-earnings-growth ratio of 0.82 and a beta of 1.63.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.87 by $0.09. Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. The firm had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. During the same quarter last year, the firm earned $0.58 EPS. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. As a group, research analysts forecast that Shift4 Payments, Inc. will post 3.04 EPS for the current 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.