Captrust Financial Advisors Reduces Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Captrust Financial Advisors cut its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,640 shares of the company’s stock after selling 1,975 shares during the period. Captrust Financial Advisors’ holdings in Shift4 Payments were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Shift4 Payments during the 4th quarter valued at about $812,000. Cerity Partners LLC grew its stake in shares of Shift4 Payments by 35.7% during the fourth quarter. Cerity Partners LLC now owns 4,629 shares of the company’s stock valued at $480,000 after buying an additional 1,218 shares during the last quarter. Lebenthal Global Advisors LLC bought a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $328,000. Crossmark Global Holdings Inc. bought a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $358,000. Finally, Pacer Advisors Inc. bought a new stake in shares of Shift4 Payments during the 4th quarter worth approximately $1,556,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Oppenheimer reduced their target price on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. DA Davidson lowered their target price on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Raymond James reduced their price target on shares of Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 4th. Stephens reissued an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada reduced their target price on shares of Shift4 Payments from $154.00 to $127.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.25.

Shift4 Payments Price Performance

Shares of FOUR opened at $91.82 on Thursday. The company has a 50 day moving average price of $82.84 and a 200-day moving average price of $97.85. Shift4 Payments, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $127.50. The stock has a market capitalization of $8.14 billion, a PE ratio of 29.91, a PEG ratio of 1.04 and a beta of 1.80. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.31. The company had revenue of $368.50 million during 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%. Shift4 Payments’s revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Equities analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $24,287,295.20. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. This trade represents a 5.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,695 shares of company stock valued at $1,097,380. 25.15% of the stock is currently owned by corporate insiders.

Shift4 Payments Company Profile

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.