Wasatch Advisors LP Sells 71,429 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Wasatch Advisors LP reduced its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,811,757 shares of the company’s stock after selling 71,429 shares during the quarter. Shift4 Payments comprises 3.0% of Wasatch Advisors LP’s holdings, making the stock its 3rd largest position. Wasatch Advisors LP owned about 0.06% of Shift4 Payments worth $603,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Shift4 Payments by 9.4% during the 4th 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 in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Shift4 Payments by 41.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after buying an additional 350,703 shares in the last quarter. Rice Hall James & Associates LLC increased its stake in shares of Shift4 Payments by 799.9% in the fourth quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company’s stock valued at $23,977,000 after buying an additional 205,361 shares in the last quarter. Maestria Partners LLC bought a new position in shares of Shift4 Payments in the fourth quarter valued at about $19,614,000. Finally, Principal Financial Group Inc. lifted its position in Shift4 Payments by 2,954.7% during the 4th quarter. Principal Financial Group Inc. now owns 158,998 shares of the company’s stock worth $16,501,000 after buying an additional 153,793 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Trading Up 1.9 %

FOUR opened at $77.96 on Wednesday. The firm’s fifty day moving average is $92.41 and its two-hundred day moving average is $99.38. The firm has a market cap of $6.95 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month 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 issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Susquehanna lowered their price objective on shares of Shift4 Payments from $140.00 to $100.00 and set a “positive” rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target for the company. Evercore ISI assumed coverage on Shift4 Payments in a report on Wednesday, April 9th. They set an “in-line” rating and a $80.00 price objective on the stock. Wells Fargo & Company decreased their price objective on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Finally, Stephens restated an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.24.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction on 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 sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock valued at $1,097,380 over the last 90 days. 30.57% of the stock is owned by company insiders.

Shift4 Payments Company 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.