Ensign Peak Advisors Inc Reduces Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Ensign Peak Advisors Inc cut its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 8.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 966,262 shares of the company’s stock after selling 88,543 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Shift4 Payments were worth $100,279,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings 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 buying an additional 562,774 shares during the last quarter. Cat Rock Capital Management LP purchased a new position in Shift4 Payments in the fourth quarter worth approximately $39,222,000. Darlington Partners Capital Management LP increased its stake in Shift4 Payments by 17.2% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock worth $260,489,000 after acquiring an additional 367,500 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Shift4 Payments by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after purchasing an additional 350,703 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Shift4 Payments by 84.4% during the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company’s stock worth $54,068,000 after purchasing an additional 238,478 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FOUR has been the subject of several research analyst reports. Morgan Stanley lowered their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of Shift4 Payments in a research report on Wednesday, April 30th. Oppenheimer dropped their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. BTIG Research decreased their price target on Shift4 Payments from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group dropped their price objective on Shift4 Payments from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.

Shift4 Payments Price Performance

Shares of NYSE:FOUR opened at $85.69 on Friday. Shift4 Payments, Inc. has a 52 week low of $57.45 and a 52 week high of $127.50. The company has a 50-day moving average price of $82.83 and a 200 day moving average price of $97.90. The company has a market cap of $7.63 billion, a P/E ratio of 27.91, a PEG ratio of 1.04 and a beta of 1.80. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.31. The firm had revenue of $368.50 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. Research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the transaction, the president now directly owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,695 shares of company stock valued at $1,097,380. Corporate insiders own 30.57% of the company’s stock.

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.