Shift4 Payments, Inc. (NYSE:FOUR) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,165 shares of the company’s stock after buying an additional 1,281 shares during the period. PNC Financial Services Group Inc.’s holdings in Shift4 Payments were worth $1,076,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Elequin Capital LP increased its holdings in Shift4 Payments by 62.3% in the fourth quarter. Elequin Capital LP now owns 297 shares of the company’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. Valley National Advisers Inc. increased its holdings in Shift4 Payments by 41.7% in the first quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock valued at $34,000 after buying an additional 125 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its holdings in Shift4 Payments by 31.4% in the first quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company’s stock valued at $43,000 after buying an additional 127 shares in the last quarter. Triumph Capital Management increased its holdings in Shift4 Payments by 3.2% in the fourth quarter. Triumph Capital Management now owns 4,360 shares of the company’s stock valued at $452,000 after buying an additional 137 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Shift4 Payments by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 26,944 shares of the company’s stock valued at $2,796,000 after buying an additional 170 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Stock Performance

Shares of FOUR opened at $81.68 on Monday. Shift4 Payments, Inc. has a 1 year low of $68.09 and a 1 year high of $127.50. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53. The company’s 50 day simple moving average is $98.15 and its 200 day simple moving average is $94.60. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 0.79 and a beta of 1.81.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.10). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%. The company had revenue of $413.40 million for the quarter, compared to analyst estimates of $967.84 million. During the same period last year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. On average, sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling

In related news, Director Karen Roter Davis sold 2,757 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $260,619.21. Following the completion of the transaction, the director owned 6,592 shares of the company’s stock, valued at approximately $623,141.76. This represents a 29.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the transaction, the chief financial officer directly owned 167,622 shares of the company’s stock, valued at $15,141,295.26. This trade represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,757 shares of company stock valued at $1,258,449. Insiders own 25.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FOUR shares. Morgan Stanley dropped their target price on shares of Shift4 Payments from $100.00 to $92.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. William Blair reiterated an “outperform” rating on shares of Shift4 Payments in a research report on Wednesday, April 30th. Wall Street Zen lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Wells Fargo & Company increased their price target on shares of Shift4 Payments from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $104.00 price target on shares of Shift4 Payments in a research report on Wednesday, August 6th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $114.40.

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.