Nishkama Capital LLC Has $33.18 Million Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Nishkama Capital LLC boosted its position in Shift4 Payments, Inc. (NYSE:FOURGet Rating) by 110.0% in the 4th quarter, Holdings Channel reports. The firm owned 572,672 shares of the company’s stock after buying an additional 299,965 shares during the quarter. Shift4 Payments accounts for approximately 8.2% of Nishkama Capital LLC’s portfolio, making the stock its 3rd biggest position. Nishkama Capital LLC’s holdings in Shift4 Payments were worth $33,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FOUR. Eventide Asset Management LLC raised its stake in shares of Shift4 Payments by 79.4% during the fourth quarter. Eventide Asset Management LLC now owns 89,000 shares of the company’s stock valued at $5,156,000 after acquiring an additional 39,386 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Shift4 Payments by 28.5% during the fourth quarter. Public Sector Pension Investment Board now owns 432,600 shares of the company’s stock valued at $25,061,000 after acquiring an additional 96,000 shares in the last quarter. Senator Investment Group LP raised its stake in shares of Shift4 Payments by 12.5% during the fourth quarter. Senator Investment Group LP now owns 1,350,000 shares of the company’s stock valued at $78,206,000 after acquiring an additional 150,000 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Shift4 Payments by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 561,649 shares of the company’s stock valued at $32,536,000 after acquiring an additional 24,013 shares in the last quarter. Finally, CNA Financial Corp raised its stake in shares of Shift4 Payments by 2.6% during the fourth quarter. CNA Financial Corp now owns 18,334 shares of the company’s stock valued at $1,062,000 after acquiring an additional 460 shares in the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Shift4 Payments in a research note on Tuesday, May 17th. They set a “neutral” rating and a $55.00 price target for the company. Susquehanna Bancshares started coverage on shares of Shift4 Payments in a research note on Monday, April 4th. They set a “positive” rating and a $97.00 price target for the company. Sumitomo Mitsui Financial Group started coverage on shares of Shift4 Payments in a research note on Thursday, January 27th. They issued a “neutral” rating and a $60.00 price objective for the company. Citigroup reduced their price objective on shares of Shift4 Payments from $81.00 to $65.00 in a research note on Friday, May 6th. Finally, Susquehanna started coverage on shares of Shift4 Payments in a research note on Monday, April 4th. They issued a “positive” rating and a $97.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $72.23.

NYSE FOUR traded up $1.54 on Wednesday, hitting $44.63. The stock had a trading volume of 497,456 shares, compared to its average volume of 1,202,984. The business’s fifty day moving average price is $54.66 and its 200 day moving average price is $54.21. The company has a debt-to-equity ratio of 4.15, a current ratio of 5.52 and a quick ratio of 5.51. Shift4 Payments, Inc. has a 52-week low of $37.46 and a 52-week high of $103.37. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of -104.16 and a beta of 1.86.

Shift4 Payments (NYSE:FOURGet Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.07. Shift4 Payments had a negative net margin of 1.50% and a positive return on equity of 3.32%. The business had revenue of $401.90 million for the quarter, compared to analyst estimates of $383.60 million. During the same period in the previous year, the company earned ($0.43) earnings per share. The business’s revenue for the quarter was up 67.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Shift4 Payments, Inc. will post 0.5 EPS for the current year.

In related news, CEO Jared Isaacman acquired 35,958 shares of the company’s stock in a transaction dated Monday, March 14th. The shares were purchased at an average cost of $48.38 per share, with a total value of $1,739,648.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.20% of the stock is currently owned by insiders.

About Shift4 Payments (Get Rating)

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.

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Institutional Ownership by Quarter for Shift4 Payments (NYSE:FOUR)

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