Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. reduced its position in Shift4 Payments, Inc. (NYSE:FOUR) by 32.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,215 shares of the company’s stock after selling 30,300 shares during the period. Graham Capital Management L.P.’s holdings in Shift4 Payments were worth $6,664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after purchasing an additional 562,774 shares during the last quarter. Darlington Partners Capital Management LP grew its holdings in Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after buying an additional 367,500 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Shift4 Payments by 41.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock worth $127,689,000 after buying an additional 350,703 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Shift4 Payments by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company’s stock worth $120,899,000 after acquiring an additional 106,217 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Shift4 Payments by 16.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company’s stock valued at $59,318,000 after acquiring an additional 78,728 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Stock Up 0.3 %

Shares of NYSE:FOUR opened at $85.69 on Friday. The stock has a 50-day simple moving average of $82.83 and a 200-day simple moving average of $97.90. The stock has a market capitalization of $7.63 billion, a P/E ratio of 27.91, a PEG ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 1 year low of $57.45 and a 1 year high of $127.50. 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 earnings per share (EPS) for the quarter, topping 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 company had revenue of $368.50 million during the quarter, compared to the consensus estimate of $886.09 million. During the same period in the previous year, the firm earned $0.54 earnings per share. Shift4 Payments’s revenue for the quarter was up 39.7% on a year-over-year basis. Equities analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

FOUR has been the subject of a number of recent research reports. Susquehanna lifted their price objective on Shift4 Payments from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, April 30th. William Blair reiterated an “outperform” rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Keefe, Bruyette & Woods reduced their price objective on shares of 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. UBS Group decreased their target price on shares of Shift4 Payments from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Finally, Benchmark upgraded Shift4 Payments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the sale, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,695 shares of company stock worth $1,097,380. Corporate insiders own 30.57% of the company’s stock.

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.