Long Focus Capital Management LLC Makes New $1.47 Million Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Long Focus Capital Management LLC purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,000 shares of the company’s stock, valued at approximately $1,467,000.

A number of other hedge funds also recently made changes to their positions in FOUR. The Manufacturers Life Insurance Company increased its position in Shift4 Payments by 11,776.9% in the 2nd 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. Marshall Wace LLP grew its stake in shares of Shift4 Payments by 1,910.3% in the second quarter. Marshall Wace LLP now owns 190,975 shares of the company’s stock worth $14,008,000 after purchasing an additional 181,475 shares in the last quarter. Xponance Inc. increased its holdings in shares of Shift4 Payments by 13.6% during the second quarter. Xponance Inc. now owns 7,736 shares of the company’s stock valued at $567,000 after purchasing an additional 927 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Shift4 Payments by 52,033.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company’s stock valued at $108,000 after purchasing an additional 1,561 shares in the last quarter. Finally, Deepwater Asset Management LLC raised its stake in shares of Shift4 Payments by 2.2% during the second quarter. Deepwater Asset Management LLC now owns 211,429 shares of the company’s stock valued at $15,508,000 after purchasing an additional 4,551 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the sale, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Trading Up 0.3 %

NYSE FOUR opened at $85.98 on Friday. The firm’s 50 day moving average price is $76.56 and its two-hundred day moving average price is $71.09. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. Shift4 Payments, Inc. has a twelve month low of $42.91 and a twelve month high of $92.30. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 57.71, a PEG ratio of 0.85 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last issued 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. The business had revenue of $320.60 million during the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. Shift4 Payments’s revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. Equities analysts anticipate that Shift4 Payments, Inc. will post 3.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. William Blair assumed coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating on the stock. The Goldman Sachs Group upped their target price on Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Morgan Stanley boosted their price objective on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, Benchmark reaffirmed a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.11.

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.