Durable Capital Partners LP has recently announced that it has increased stake in Shift4 Payments Inc (NYSE:FOUR) by 12.86%. After grabbing 4.17 million shares, the institutional investor is now in possession of 0.47 million shares of the Technology Company. The new investment brought the stake of investor firm to 7.38% having worth around $185.53 million. Moreover, Fidelity Management & Research Co increased its share by 0.17 million to have a control over 2.51 million shares. And Millennium Management LLC raised its holdings to 1.86 million shares by acquiring 2.3 million shares or 4.08% of the stake.
Shift4 Payments Inc (FOUR) concluded trading on 12/14/23 at a closing price of $70.83, with 4.1 million shares of worth about $290.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.04% during that period and on Thursday the price saw a gain of about 4.70%. Currently the company’s common shares owned by public are about 58.65M shares, out of which, 55.62M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 29 times over the past 12 months. They bought 328,525 shares in 11 of the transactions. In 18 selling transactions, insiders dumped 207,772 shares.
Hartford Mid Cap Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Shift4 Payments Inc Hartford Mid Cap Fund is currently holding 1.96 million shares of worth totaling $87.35 million. The company recently came buying 9226.0 shares which brought its stake up to 3.48% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 3309.0 shares, after which its hold over company’s outstanding shares expand to 3.19%, leaving 1.8 million shares with the mutual fund that have a worth of about $80.13 million. Vanguard Small Cap Index Fund, after buying 1.46 million shares, have now control over 2.58% of the stake in the company. It holds 3508.0 shares of worth $64.87 million.
However, the stock later moved at a day high price of 76.51, or with a gain of 4.70%. Stock saw a price change of 7.87% in past 5 days and over the past one month there was a price change of 11.72%. Year-to-date (YTD), FOUR shares are showing a performance of 26.64% which increased to 33.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $42.91 but also hit the highest price of $76.40 during that period. The average intraday trading volume for Shift4 Payments Inc shares is 1.30 million. The stock is currently trading 8.13% above its 20-day simple moving average (SMA20), while that difference is up 24.80% for SMA50 and it goes to 13.83% higher than SMA200.
Durable Capital Partners LP acquired 4.17 million shares of Shift4 Payments Inc having value of about $185.53 million. Data submitted at the U.S SEC by Durable Capital Partners LP revealed that the firm now holds 0.47 million shares in the company valued at close to $33629659.02, or have control over 12.86% stake in the company. Shift4 Payments Inc (NYSE: FOUR) currently have 58.65M outstanding shares and institutions hold larger chunk of about 101.25% of that. Holding of mutual funds in the company is about 48.33% while other institutional holders and individual stake holders have control over 57.13% and 2.54% of the stake respectively.
The stock has a current market capitalization of $4.15B and its 3Y-monthly beta is at 1.57. PE ratio of stock for trailing 12 months is 42.29, while it has posted earnings per share of $1.67 in the same period. Its PEG reads 0.86 and has Quick Ratio of 3.31 while making debt-to-equity ratio of 4.43. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FOUR, volatility over the week remained 5.15% while standing at 3.83% over the month.
Analysts are in expectations that Shift4 Payments Inc (FOUR) stock would likely to be making an EPS of $0.86 in the current quarter, while forecast for next quarter EPS is $0.78 and it is $3.95 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.66 which is $1.46 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.47 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 104.58% while it is estimated to increase by 30.06% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Seaport Research Partners on Dec-15-23 offering a Buy rating for the stock and assigned a target price of $85 to it.
