Ameriprise Financial Inc. Has $115.12 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

Ameriprise Financial Inc. cut its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 46.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,109,290 shares of the company’s stock after selling 973,479 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.23% of Shift4 Payments worth $115,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Shift4 Payments by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock worth $678,668,000 after purchasing an additional 562,774 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Shift4 Payments by 41.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock worth $127,689,000 after buying an additional 350,703 shares during the last quarter. Northern Trust Corp raised its position in Shift4 Payments by 84.4% during the fourth quarter. Northern Trust Corp now owns 520,990 shares of the company’s stock valued at $54,068,000 after acquiring an additional 238,478 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in Shift4 Payments by 799.9% in the fourth quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company’s stock valued at $23,977,000 after acquiring an additional 205,361 shares during the last quarter. Finally, Maestria Partners LLC bought a new stake in Shift4 Payments in the fourth quarter worth approximately $19,614,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Stock Performance

NYSE FOUR opened at $83.25 on Thursday. Shift4 Payments, Inc. has a twelve month low of $56.10 and a twelve month high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The stock has a market cap of $7.42 billion, a P/E ratio of 27.12, a PEG ratio of 1.04 and a beta of 1.80. The company’s 50-day simple moving average is $83.20 and its 200 day simple moving average is $98.01.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.31. The company had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company’s revenue was up 39.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. As a group, research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FOUR shares. Piper Sandler reduced their price objective on shares of Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company boosted their price target on Shift4 Payments from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Morgan Stanley lowered their price objective on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. William Blair restated an “outperform” rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Finally, Stephens reiterated an “overweight” rating and set a $125.00 price target on shares of Shift4 Payments in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now directly owns 177,622 shares of the company’s stock, valued at $15,094,317.56. The trade was a 5.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now directly owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is currently owned by company insiders.

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.