Nomura Asset Management Co. Ltd. Sells 3,124,751 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Nomura Asset Management Co. Ltd. lowered its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 76.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 966,744 shares of the company’s stock after selling 3,124,751 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Shift4 Payments were worth $100,329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments during the 4th quarter valued at about $26,000. Rakuten Securities Inc. increased its stake in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments during the fourth quarter valued at about $28,000. UMB Bank n.a. bought a new stake in Shift4 Payments during the 4th quarter valued at approximately $29,000. Finally, Valley National Advisers Inc. bought a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $31,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the transaction, the president now owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the transaction, the chief financial officer now owns 177,622 shares in the company, 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. Insiders have sold 12,695 shares of company stock valued at $1,097,380 in the last 90 days. 30.57% of the stock is currently owned by company insiders.

Shift4 Payments Trading Up 0.5 %

NYSE:FOUR opened at $86.59 on Friday. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The firm has a fifty day simple moving average of $103.93 and a 200-day simple moving average of $99.82. The company has a market capitalization of $7.72 billion, a P/E ratio of 28.21, a PEG ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. On average, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

FOUR has been the topic of a number of research analyst reports. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 price target for the company. Benchmark downgraded Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Barclays reduced their target price on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, DA Davidson decreased their price objective on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.30.

Shift4 Payments 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.