Broadcrest Asset Management LLC Makes New $1.16 Million Investment in Shift4 Payments, Inc. $FOUR

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

Several other hedge funds and other institutional investors also recently modified their holdings of FOUR. Allworth Financial LP raised its stake in 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 purchasing an additional 226 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Shift4 Payments by 100.0% in the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after buying an additional 217 shares during the last quarter. Blue Trust Inc. raised its position in shares of Shift4 Payments by 5,423.1% during the 3rd quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $56,000 after buying an additional 705 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Shift4 Payments by 441.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,159 shares of the company’s stock valued at $90,000 after buying an additional 945 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in shares of Shift4 Payments by 955.5% during the 3rd quarter. Bayforest Capital Ltd now owns 1,161 shares of the company’s stock worth $90,000 after acquiring an additional 1,051 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FOUR. Deutsche Bank Aktiengesellschaft cut Shift4 Payments from a “buy” rating to a “hold” rating and reduced their target price for the company from $100.00 to $65.00 in a research note on Thursday, January 15th. Morgan Stanley reduced 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. Truist Financial set a $71.00 target price on Shift4 Payments in a research report on Tuesday, January 20th. Royal Bank Of Canada reduced their price target on shares of Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Finally, Susquehanna lowered their price objective on shares of Shift4 Payments from $115.00 to $101.00 and set a “positive” rating for the company in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus price target of $92.25.

Shift4 Payments Trading Down 1.0%

NYSE FOUR opened at $59.39 on Friday. Shift4 Payments, Inc. has a fifty-two week low of $58.44 and a fifty-two week high of $127.50. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a 50 day simple moving average of $66.16 and a two-hundred day simple moving average of $78.02. The stock has a market cap of $5.26 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 0.51 and a beta of 1.66.

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

Insider Buying and Selling

In other news, CEO David Taylor Lauber sold 12,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $69.00, for a total transaction of $828,000.00. Following the sale, the chief executive officer owned 273,588 shares in the company, valued at approximately $18,877,572. The trade was a 4.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James J. Whalen sold 1,438 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $71.50, for a total transaction of $102,817.00. Following the completion of the sale, the insider directly owned 54,736 shares in the company, valued at $3,913,624. This represents a 2.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,438 shares of company stock valued at $1,278,317 over the last ninety days. Company insiders own 25.15% of the company’s stock.

About Shift4 Payments

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.