15,000 Shares in Shift4 Payments, Inc. $FOUR Purchased by Broadcrest Asset Management LLC

Broadcrest Asset Management LLC acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,000 shares of the company’s stock, valued at approximately $1,161,000. Shift4 Payments comprises 2.6% of Broadcrest Asset Management LLC’s holdings, making the stock its 7th largest position.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Shift4 Payments by 410.9% in the second quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after acquiring an additional 226 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Blue Trust Inc. grew its stake in Shift4 Payments by 5,423.1% in the 3rd quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $56,000 after purchasing an additional 705 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Shift4 Payments by 47.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,076 shares of the company’s stock valued at $107,000 after purchasing an additional 348 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Shift4 Payments by 441.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,159 shares of the company’s stock worth $90,000 after buying an additional 945 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FOUR. Royal Bank Of Canada decreased their price objective on shares of Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Shift4 Payments in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft cut shares of Shift4 Payments from a “buy” rating to a “hold” rating and lowered their price target for the stock from $100.00 to $65.00 in a report on Thursday, January 15th. Loop Capital set a $80.00 price objective on Shift4 Payments in a report on Thursday, December 11th. Finally, The Goldman Sachs Group lowered their target price on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.25.

Insider Activity

In other Shift4 Payments news, Director Nancy Disman sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $69.50, for a total value of $347,500.00. Following the completion of the transaction, the director directly owned 130,420 shares of the company’s stock, valued at $9,064,190. This trade represents a 3.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Whalen sold 1,438 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.50, for a total transaction of $102,817.00. Following the transaction, the insider owned 54,736 shares of the company’s stock, valued at $3,913,624. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 18,438 shares of company stock worth $1,278,317. 25.15% of the stock is owned by company insiders.

Shift4 Payments Trading Down 1.0%

Shares of FOUR stock opened at $59.39 on Friday. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 0.51 and a beta of 1.66. The company’s fifty day simple moving average is $66.16 and its two-hundred day simple moving average is $78.02. Shift4 Payments, Inc. has a 1 year low of $58.44 and a 1 year high of $127.50. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.38 and a quick ratio of 1.38.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.03). The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. Shift4 Payments’s revenue for the quarter was up 61.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. As a group, analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Shift4 Payments Profile

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.