Hexagon Capital Partners LLC Purchases Shares of 12,328 Shift4 Payments, Inc. (NYSE:FOUR)

Hexagon Capital Partners LLC bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,328 shares of the company’s stock, valued at approximately $916,000.

A number of other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Shift4 Payments by 3.6% during the third quarter. Principal Financial Group Inc. now owns 6,726 shares of the company’s stock worth $372,000 after purchasing an additional 233 shares during the period. Nomura Holdings Inc. raised its position in Shift4 Payments by 3.7% in the 3rd quarter. Nomura Holdings Inc. now owns 8,436 shares of the company’s stock valued at $467,000 after buying an additional 298 shares during the last quarter. Xponance Inc. raised its position in Shift4 Payments by 4.2% in the 3rd quarter. Xponance Inc. now owns 7,904 shares of the company’s stock valued at $438,000 after buying an additional 322 shares during the last quarter. Truist Financial Corp raised its position in Shift4 Payments by 2.1% in the 4th quarter. Truist Financial Corp now owns 22,836 shares of the company’s stock valued at $1,698,000 after buying an additional 466 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its position in Shift4 Payments by 2.0% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 28,513 shares of the company’s stock valued at $1,579,000 after buying an additional 551 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Trading Down 3.2 %

FOUR traded down $1.89 on Tuesday, hitting $57.87. 1,164,397 shares of the company were exchanged, compared to its average volume of 1,400,943. The firm has a fifty day simple moving average of $70.38 and a two-hundred day simple moving average of $67.93. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.63 and a current ratio of 1.64. Shift4 Payments, Inc. has a 12 month low of $42.91 and a 12 month high of $92.30. The stock has a market capitalization of $4.99 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 0.93 and a beta of 1.57.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. The company had revenue of $269.30 million for the quarter, compared to the consensus estimate of $278.85 million. Sell-side analysts expect that Shift4 Payments, Inc. will post 2.84 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other news, insider David Taylor Lauber sold 15,000 shares of Shift4 Payments stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total value of $1,202,250.00. Following the sale, the insider now directly owns 243,880 shares in the company, valued at approximately $19,546,982. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 32.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on FOUR. Wells Fargo & Company increased their price target on Shift4 Payments from $60.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. UBS Group increased their price target on Shift4 Payments from $75.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Piper Sandler reissued an “overweight” rating and issued a $93.00 price target on shares of Shift4 Payments in a research report on Wednesday, February 28th. The Goldman Sachs Group lowered their price target on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Finally, Mizuho restated a “buy” rating and issued a $85.00 price objective on shares of Shift4 Payments in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.95.

About Shift4 Payments

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.