Shift4 Payments, Inc. $FOUR Shares Acquired by UMB Bank n.a.

UMB Bank n.a. boosted its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 33.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 713 shares of the company’s stock after purchasing an additional 179 shares during the quarter. UMB Bank n.a.’s holdings in Shift4 Payments were worth $71,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Valley National Advisers Inc. boosted its holdings in shares of Shift4 Payments by 41.7% in the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock valued at $34,000 after purchasing an additional 125 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in shares of Shift4 Payments by 31.4% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company’s stock worth $43,000 after buying an additional 127 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Shift4 Payments by 1.0% in the first quarter. Exchange Traded Concepts LLC now owns 16,709 shares of the company’s stock valued at $1,365,000 after acquiring an additional 170 shares during the last quarter. J.Safra Asset Management Corp grew its position in Shift4 Payments by 5.7% during the first quarter. J.Safra Asset Management Corp now owns 3,194 shares of the company’s stock valued at $261,000 after acquiring an additional 173 shares during the period. Finally, S.A. Mason LLC grew its position in Shift4 Payments by 3.4% during the first quarter. S.A. Mason LLC now owns 5,275 shares of the company’s stock valued at $431,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

FOUR has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on Shift4 Payments from $100.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. BTIG Research restated a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. UBS Group decreased their price objective on shares of Shift4 Payments from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Keefe, Bruyette & Woods cut their target price on shares of Shift4 Payments from $110.00 to $100.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Finally, Truist Financial lifted their target price on shares of Shift4 Payments from $97.00 to $109.00 and gave the company a “hold” rating in a report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and an average price target of $115.21.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $79.63 on Friday. Shift4 Payments, Inc. has a 12-month low of $68.09 and a 12-month high of $127.50. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 0.80 and a beta of 1.72. The firm’s fifty day moving average price is $91.54 and its 200 day moving average price is $89.84.

Shift4 Payments (NYSE:FOUR) last posted 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). Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The firm had revenue of $413.40 million during the quarter, compared to analysts’ expectations of $967.84 million. During the same period in the previous year, the company earned $0.96 earnings per share. The business’s quarterly revenue was up 28.9% on a year-over-year basis. On average, research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CEO David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction 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. The trade was a 0.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jared Isaacman bought 104,705 shares of the business’s stock in a transaction on Monday, August 11th. The stock was acquired at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the transaction, the chairman owned 939,715 shares in the company, valued at $78,569,571.15. This represents a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 25.15% of the stock is owned by insiders.

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.