Bleakley Financial Group LLC Invests $889,000 in Shift4 Payments, Inc. (NYSE:FOUR)

Bleakley Financial Group LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,036 shares of the company's stock, valued at approximately $889,000.

Other large investors have also added to or reduced their stakes in the company. Creative Planning bought a new stake in shares of Shift4 Payments in the 3rd quarter worth approximately $293,000. Stonekeep Investments LLC lifted its stake in Shift4 Payments by 10.0% in the third quarter. Stonekeep Investments LLC now owns 3,633 shares of the company's stock worth $322,000 after acquiring an additional 330 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Shift4 Payments by 3.5% in the third quarter. Exchange Traded Concepts LLC now owns 25,705 shares of the company's stock valued at $2,277,000 after acquiring an additional 876 shares in the last quarter. CWM LLC increased its position in Shift4 Payments by 95.8% during the 3rd quarter. CWM LLC now owns 2,214 shares of the company's stock valued at $196,000 after purchasing an additional 1,083 shares during the period. Finally, Artemis Investment Management LLP raised its holdings in Shift4 Payments by 113.0% in the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company's stock worth $40,532,000 after purchasing an additional 242,684 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

Analyst Ratings Changes

FOUR has been the subject of several recent analyst reports. Oppenheimer began coverage on shares of Shift4 Payments in a report on Tuesday, October 1st. They issued an "outperform" rating and a $109.00 target price for the company. Susquehanna reaffirmed a "positive" rating and set a $97.00 price target on shares of Shift4 Payments in a report on Thursday, September 12th. Stephens boosted their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Friday. William Blair began coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They issued an "outperform" rating on the stock. Finally, Morgan Stanley lifted their target price on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.11.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock traded down $1.12 on Monday, hitting $94.59. 838,230 shares of the company traded hands, compared to its average volume of 1,366,922. Shift4 Payments, Inc. has a 52 week low of $42.91 and a 52 week high of $96.96. The business has a 50-day simple moving average of $84.59 and a 200 day simple moving average of $73.36. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market capitalization of $8.28 billion, a P/E ratio of 63.78, a price-to-earnings-growth ratio of 1.01 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly 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 3.64% and a return on equity of 24.19%. The business had revenue of $320.60 million for the quarter, compared to analysts' expectations of $314.10 million. During the same quarter in the previous year, the company earned $0.58 EPS. The business's quarterly revenue was up 40.6% compared to the same quarter last year. Research analysts expect that Shift4 Payments, Inc. will post 3.11 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the 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 owns 228,021 shares in the company, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $14,874,566.70. This 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 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.