Curated Wealth Partners LLC Invests $256,000 in Shift4 Payments, Inc. $FOUR

Curated Wealth Partners LLC purchased a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,578 shares of the company’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Harbour Investments Inc. raised its holdings in shares of Shift4 Payments by 309.4% in the 2nd quarter. Harbour Investments Inc. now owns 1,609 shares of the company’s stock valued at $159,000 after purchasing an additional 1,216 shares during the period. TD Asset Management Inc bought a new stake in Shift4 Payments in the second quarter valued at approximately $1,254,000. Verdence Capital Advisors LLC raised its stake in Shift4 Payments by 6.0% in the 2nd quarter. Verdence Capital Advisors LLC now owns 4,451 shares of the company’s stock valued at $441,000 after acquiring an additional 253 shares during the period. Atria Wealth Solutions Inc. bought a new stake in Shift4 Payments in the 2nd quarter valued at $240,000. Finally, Maestria Partners LLC raised its stake in Shift4 Payments by 2.8% in the 2nd quarter. Maestria Partners LLC now owns 272,700 shares of the company’s stock valued at $27,027,000 after acquiring an additional 7,500 shares during the period. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Trading Up 1.6%

Shares of Shift4 Payments stock opened at $77.73 on Wednesday. The firm has a market capitalization of $6.87 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 0.76 and a beta of 1.69. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The firm’s 50 day moving average is $84.93 and its 200 day moving average is $89.05. Shift4 Payments, Inc. has a 1 year low of $68.09 and a 1 year high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). The firm had revenue of $413.40 million for the quarter, compared to the consensus estimate of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The company’s revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In related news, CEO David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total value of $221,475.00. Following the sale, the chief executive officer directly owned 285,588 shares in the company, valued at $25,300,240.92. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Jared Isaacman bought 104,705 shares of Shift4 Payments stock in a transaction that occurred on Monday, August 11th. The stock was bought at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the acquisition, the chairman directly owned 939,715 shares of the company’s stock, valued at $78,569,571.15. The trade was a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 25.15% of the company’s stock.

Analysts Set New Price Targets

FOUR has been the topic of several research analyst reports. Weiss Ratings raised shares of Shift4 Payments from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Raymond James Financial lowered their target price on Shift4 Payments from $126.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday. The Goldman Sachs Group reiterated a “buy” rating and set a $104.00 target price on shares of Shift4 Payments in a research note on Wednesday, August 6th. Morgan Stanley lowered their price objective on Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Friday, October 3rd. Finally, BTIG Research reiterated a “buy” rating on shares of Shift4 Payments in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $112.65.

Shift4 Payments Company 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.