Jackson Square Partners LLC Purchases Shares of 74,100 Shift4 Payments, Inc. $FOUR

Jackson Square Partners LLC acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 74,100 shares of the company’s stock, valued at approximately $5,735,000. Shift4 Payments accounts for about 2.3% of Jackson Square Partners LLC’s portfolio, making the stock its 14th largest position.

Other large investors have also recently made changes to their positions in the company. Mawer Investment Management Ltd. raised its position in Shift4 Payments by 66.9% during the third quarter. Mawer Investment Management Ltd. now owns 178,318 shares of the company’s stock valued at $13,802,000 after purchasing an additional 71,489 shares during the period. Jennison Associates LLC boosted its holdings in shares of Shift4 Payments by 2.6% in the 2nd quarter. Jennison Associates LLC now owns 1,636,924 shares of the company’s stock worth $162,236,000 after purchasing an additional 41,548 shares during the period. Rice Hall James & Associates LLC increased its position in shares of Shift4 Payments by 71.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 584,231 shares of the company’s stock valued at $45,219,000 after purchasing an additional 243,161 shares during the last quarter. Maestria Partners LLC raised its holdings in Shift4 Payments by 36.6% during the 3rd quarter. Maestria Partners LLC now owns 372,423 shares of the company’s stock valued at $28,826,000 after buying an additional 99,723 shares during the period. Finally, South Dakota Investment Council bought a new stake in Shift4 Payments in the second quarter worth $1,814,000. 98.87% of the stock is owned by institutional investors.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, CEO David Taylor Lauber sold 12,000 shares of the stock in a transaction on Thursday, December 11th. The stock was 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 of the company’s stock, valued at approximately $18,877,572. This trade represents a 4.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James J. Whalen sold 1,438 shares of Shift4 Payments stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.50, for a total value of $102,817.00. Following the completion of the transaction, the insider owned 54,736 shares in the company, valued at $3,913,624. This represents a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 18,438 shares of company stock valued at $1,278,317. Company insiders own 25.15% of the company’s stock.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $59.45 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.27. The stock’s fifty day moving average price is $64.64 and its 200-day moving average price is $75.86. The firm has a market cap of $5.27 billion, a P/E ratio of 27.91, a P/E/G ratio of 0.51 and a beta of 1.63. Shift4 Payments, Inc. has a 12 month low of $52.65 and a 12 month high of $127.50.

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

Analysts Set New Price Targets

FOUR has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Mizuho cut their price target on shares of Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating on the stock in a report on Monday, December 22nd. Benchmark reissued a “buy” rating on shares of Shift4 Payments in a research note on Thursday, December 11th. UBS Group cut their target price on Shift4 Payments from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Loop Capital set a $80.00 price target on Shift4 Payments in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.25.

Shift4 Payments Company Profile

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.