Orion Capital Management LLC Reduces Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Orion Capital Management LLC reduced its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,745 shares of the company’s stock after selling 700 shares during the quarter. Orion Capital Management LLC’s holdings in Shift4 Payments were worth $804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FOUR. State of Alaska Department of Revenue bought a new stake in Shift4 Payments during the fourth quarter valued at approximately $812,000. Cerity Partners LLC boosted its stake in shares of Shift4 Payments by 35.7% during the 4th quarter. Cerity Partners LLC now owns 4,629 shares of the company’s stock worth $480,000 after acquiring an additional 1,218 shares during the last quarter. Lebenthal Global Advisors LLC purchased a new position in shares of Shift4 Payments during the 4th quarter worth $328,000. Crossmark Global Holdings Inc. bought a new stake in shares of Shift4 Payments during the 4th quarter valued at $358,000. Finally, Pacer Advisors Inc. purchased a new stake in shares of Shift4 Payments in the 4th quarter worth $1,556,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling

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 completion of the sale, the president now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were 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 in the company, valued at $15,094,317.56. The trade was a 5.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,695 shares of company stock worth $1,097,380. Corporate insiders own 25.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FOUR. Morgan Stanley decreased their target price 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. Keefe, Bruyette & Woods decreased their price objective on Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating on the stock in a research note on Monday, March 31st. Evercore ISI started coverage on Shift4 Payments in a research report on Wednesday, April 9th. They set an “in-line” rating and a $80.00 price objective on the stock. Susquehanna increased their target price on shares of Shift4 Payments from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, April 30th. Finally, Benchmark raised shares of Shift4 Payments from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.25.

Shift4 Payments Trading Up 0.4%

FOUR stock opened at $90.35 on Wednesday. The firm has a fifty day moving average price of $82.98 and a 200 day moving average price of $97.87. Shift4 Payments, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $127.50. The firm has a market cap of $8.01 billion, a PE ratio of 29.43, a price-to-earnings-growth 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 released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.76 by $0.31. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. During the same quarter last year, the business earned $0.54 earnings per share. Shift4 Payments’s quarterly revenue was up 39.7% compared to the same quarter last year. Sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

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.