3,303 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Acquired by Stonekeep Investments LLC

Stonekeep Investments LLC bought a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,303 shares of the company’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp boosted its position in shares of Shift4 Payments by 79.0% during the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after purchasing an additional 347 shares in the last quarter. CWM LLC boosted its holdings in Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after buying an additional 241 shares in the last quarter. Clear Street Markets LLC bought a new position in shares of Shift4 Payments in the fourth quarter valued at $112,000. International Assets Investment Management LLC acquired a new stake in shares of Shift4 Payments during the 2nd quarter valued at $114,000. Finally, Natixis Investment Managers International bought a new stake in shares of Shift4 Payments during the 4th quarter worth $116,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Price Performance

NYSE FOUR opened at $75.71 on Monday. The company has a 50 day moving average price of $73.36 and a two-hundred day moving average price of $70.63. Shift4 Payments, Inc. has a 12-month low of $42.91 and a 12-month high of $92.30. The stock has a market capitalization of $6.71 billion, a PE ratio of 50.81, a price-to-earnings-growth ratio of 0.76 and a beta of 1.64. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.09. The business had revenue of $320.60 million during the quarter, compared to analyst estimates of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. Shift4 Payments’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS. As a group, equities analysts predict that Shift4 Payments, Inc. will post 3.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. DA Davidson boosted their price objective on Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a report on Thursday. Stephens restated an “overweight” rating and set a $90.00 price target on shares of Shift4 Payments in a report on Friday, August 9th. Finally, Wedbush initiated 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 for the company. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.44.

About Shift4 Payments

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.