Shift4 Payments, Inc. (NYSE:FOUR) is Spyglass Capital Management LLC’s 3rd Largest Position

Spyglass Capital Management LLC increased its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 22.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 981,859 shares of the company’s stock after buying an additional 181,539 shares during the quarter. Shift4 Payments accounts for approximately 5.7% of Spyglass Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Spyglass Capital Management LLC owned 1.09% of Shift4 Payments worth $101,897,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FOUR. Shay Capital LLC purchased a new position in Shift4 Payments during the 4th quarter valued at about $446,000. Silvercrest Asset Management Group LLC raised its holdings in shares of Shift4 Payments by 9.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 11,117 shares of the company’s stock valued at $1,154,000 after acquiring an additional 925 shares in the last quarter. Sora Investors LLC bought a new stake in Shift4 Payments during the 4th quarter valued at approximately $2,965,000. Rafferty Asset Management LLC bought a new position in Shift4 Payments in the fourth quarter worth $318,000. Finally, Prana Capital Management LP bought a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $5,348,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

FOUR opened at $90.70 on Monday. The stock has a market cap of $8.04 billion, a P/E ratio of 29.54, a P/E/G ratio of 1.04 and a beta of 1.80. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The firm has a fifty day moving average price of $82.87 and a 200 day moving average price of $97.93. Shift4 Payments, Inc. has a 1 year low of $57.45 and a 1 year high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.76 by $0.31. The company had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Shift4 Payments’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. Equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FOUR shares. Raymond James reduced their target price on shares of Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating for the company in a report on Friday, April 4th. Morgan Stanley decreased their price objective on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Stephens reaffirmed an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 19th. BTIG Research reduced their target price on shares of Shift4 Payments from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Susquehanna increased their price objective on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $114.25.

Insider Activity at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, the president now owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,695 shares of company stock valued at $1,097,380. 25.15% of the stock is owned by corporate insiders.

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.