Black Swift Group LLC Acquires 33,750 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Black Swift Group LLC grew its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 225.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,750 shares of the company’s stock after purchasing an additional 33,750 shares during the quarter. Shift4 Payments comprises about 1.0% of Black Swift Group LLC’s investment portfolio, making the stock its 22nd biggest position. Black Swift Group LLC owned approximately 0.06% of Shift4 Payments worth $4,319,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Clearbridge Investments LLC boosted its holdings in shares of Shift4 Payments by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after buying an additional 235,355 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Shift4 Payments by 11,776.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after acquiring an additional 1,716,132 shares during the period. Janus Henderson Group PLC boosted its holdings in Shift4 Payments by 21.7% during the first quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock valued at $94,803,000 after acquiring an additional 255,741 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of 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 worth $88,088,000 after purchasing an additional 561,707 shares during the period. Finally, Ensign Peak Advisors Inc increased its stake in shares of Shift4 Payments by 6,185.0% in the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after purchasing an additional 1,078,115 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Activity

In other news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Shift4 Payments Trading Down 0.8 %

Shares of NYSE:FOUR opened at $100.51 on Thursday. The company’s 50-day moving average price is $89.89 and its two-hundred day moving average price is $77.22. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $106.31. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market capitalization of $8.91 billion, a PE ratio of 55.09, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 EPS for the quarter, meeting the consensus estimate of $0.91. The company had revenue of $365.10 million during the quarter, compared to the consensus estimate of $369.07 million. Shift4 Payments had a return on equity of 24.78% and a net margin of 4.04%. On average, equities analysts forecast that Shift4 Payments, Inc. will post 3.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FOUR shares. William Blair started coverage on Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating on the stock. BTIG Research lifted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Benchmark restated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. B. Riley raised their target price on Shift4 Payments from $104.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Stephens boosted their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.10.

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.