Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 10.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,188 shares of the company’s stock after purchasing an additional 500 shares during the quarter. QRG Capital Management Inc.’s holdings in Shift4 Payments were worth $460,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Senator Investment Group LP grew its position in shares of Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after purchasing an additional 555,737 shares during the last quarter. Forge First Asset Management Inc. purchased a new position in shares of Shift4 Payments during the first quarter valued at approximately $1,242,000. Artemis Investment Management LLP lifted its stake in shares of Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after buying an additional 242,684 shares during the period. Bessemer Group Inc. lifted its stake in shares of Shift4 Payments by 7.1% during the first quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock valued at $14,465,000 after buying an additional 14,438 shares during the period. Finally, Coronation Fund Managers Ltd. purchased a new position in shares of Shift4 Payments during the second quarter valued at approximately $1,378,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FOUR has been the topic of several recent analyst reports. Barclays initiated coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective on the stock. Benchmark reissued a “buy” rating and set a $99.00 price objective on shares of Shift4 Payments in a research note on Thursday, September 5th. Susquehanna upped their price objective on shares of Shift4 Payments from $97.00 to $105.00 and gave the company a “positive” rating in a research note on Monday, November 4th. BTIG Research upped their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group increased their price target on shares of Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $95.53.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $100.77 on Monday. The company’s fifty day simple moving average is $88.58 and its 200-day simple moving average is $76.44. Shift4 Payments, Inc. has a 52 week low of $53.90 and a 52 week high of $102.38. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. The company has a market cap of $8.93 billion, a PE ratio of 61.07, a P/E/G ratio of 1.13 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. As a group, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.08 EPS for the current year.

Insider Activity at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were 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 directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction 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 directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

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.