Ostrum Asset Management Sells 407 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Ostrum Asset Management lessened its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 25.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,216 shares of the company’s stock after selling 407 shares during the period. Ostrum Asset Management’s holdings in Shift4 Payments were worth $126,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FOUR. Heck Capital Advisors LLC bought a new position in Shift4 Payments in the fourth quarter worth approximately $26,000. Rakuten Securities Inc. raised its position in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Shift4 Payments during the 4th quarter worth $28,000. UMB Bank n.a. bought a new stake in Shift4 Payments during the fourth quarter valued at about $29,000. Finally, Valley National Advisers Inc. bought a new position in Shift4 Payments in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Trading Down 2.0 %

Shares of FOUR opened at $75.17 on Tuesday. The firm’s fifty day moving average is $88.97 and its two-hundred day moving average is $99.09. The stock has a market cap of $6.70 billion, a PE ratio of 24.49, a price-to-earnings-growth 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, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The firm had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. Research analysts forecast 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, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now directly owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction that occurred 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 sale, the president now owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock valued at $1,097,380 in the last three months. 30.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. BTIG Research reduced their price objective on shares of Shift4 Payments from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Barclays reduced their price target on Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Raymond James lowered their price objective on Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Friday, April 4th. Stephens reaffirmed an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 19th. Finally, Oppenheimer lowered their price target on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $112.05.

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.