Bessemer Group Inc. Increases Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Bessemer Group Inc. increased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 7.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 218,921 shares of the company’s stock after purchasing an additional 14,438 shares during the quarter. Bessemer Group Inc. owned 0.25% of Shift4 Payments worth $14,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP raised its holdings in Shift4 Payments by 34.3% during the first quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after purchasing an additional 881,216 shares in the last quarter. Kodai Capital Management LP purchased a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $59,520,000. Jennison Associates LLC grew its holdings in Shift4 Payments by 25.7% during the fourth quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock worth $218,936,000 after acquiring an additional 601,749 shares during the period. Westfield Capital Management Co. LP raised its position in Shift4 Payments by 72.8% in the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock worth $88,088,000 after acquiring an additional 561,707 shares in the last quarter. Finally, Scout Investments Inc. acquired a new stake in Shift4 Payments in the first quarter valued at $34,108,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Stock Up 0.2 %

NYSE FOUR traded up $0.10 during trading hours on Thursday, reaching $66.40. 81,851 shares of the company traded hands, compared to its average volume of 1,365,965. The stock has a market capitalization of $5.81 billion, a PE ratio of 44.52, a PEG ratio of 0.87 and a beta of 1.63. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.96. Shift4 Payments, Inc. has a 12 month low of $42.91 and a 12 month high of $92.30. The company has a 50 day moving average of $70.09 and a two-hundred day moving average of $70.68.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $263.70 million for the quarter, compared to the consensus estimate of $268.55 million. Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. As a group, equities analysts expect that Shift4 Payments, Inc. will post 3.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FOUR. Benchmark reaffirmed a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a report on Wednesday, July 17th. Wells Fargo & Company decreased their target price on Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Redburn Atlantic raised Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price target for the company in a research note on Friday, April 19th. Wedbush assumed coverage on Shift4 Payments in a research report on Friday, May 24th. They set a “neutral” rating and a $75.00 price target for the company. Finally, DA Davidson restated a “buy” rating and issued a $96.00 price objective on shares of Shift4 Payments in a research report on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $84.22.

Insider Transactions at Shift4 Payments

In other news, CEO Jared Isaacman purchased 39,135 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average cost of $64.04 per share, with a total value of $2,506,205.40. Following the transaction, the chief executive officer now owns 621,962 shares in the company, valued at approximately $39,830,446.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Shift4 Payments news, CEO Jared Isaacman purchased 39,135 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of $64.04 per share, with a total value of $2,506,205.40. Following the acquisition, the chief executive officer now owns 621,962 shares of the company’s stock, valued at approximately $39,830,446.48. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total transaction of $723,400.00. Following the sale, the chief financial officer now owns 274,954 shares in the company, valued at approximately $19,890,172.36. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

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.