Shift4 Payments, Inc. (NYSE:FOUR) Holdings Reduced by 14B Captial Management LP

14B Captial Management LP decreased its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 486,000 shares of the company's stock after selling 74,000 shares during the quarter. Shift4 Payments accounts for 21.9% of 14B Captial Management LP's portfolio, making the stock its largest position. 14B Captial Management LP owned about 0.54% of Shift4 Payments worth $50,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in 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. CIBC Private Wealth Group LLC boosted its holdings in shares of 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 purchasing an additional 350,703 shares during the period. Geode Capital Management LLC increased its holdings in Shift4 Payments by 10.0% during the 4th quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock valued at $120,899,000 after purchasing an additional 106,217 shares during the period. Brown Brothers Harriman & Co. raised its position in Shift4 Payments by 16.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company's stock valued at $59,318,000 after purchasing an additional 78,728 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Shift4 Payments by 84.4% in the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company's stock worth $54,068,000 after buying an additional 238,478 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Performance

Shares of FOUR stock traded up $0.27 during trading hours on Wednesday, reaching $83.20. The company had a trading volume of 436,963 shares, compared to its average volume of 1,687,872. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The business has a fifty day moving average price of $83.51 and a 200-day moving average price of $98.12. Shift4 Payments, Inc. has a one year low of $56.10 and a one year high of $127.50. The firm has a market cap of $7.41 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. The business had revenue of $368.50 million during the quarter, compared to the consensus estimate of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The firm's revenue was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. Sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FOUR. Stephens reaffirmed an "overweight" rating and issued a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. Benchmark raised shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. Royal Bank of Canada reduced their target price on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. DA Davidson dropped their price target on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Finally, 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. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Shift4 Payments currently has an average rating of "Moderate Buy" and an average price target of $112.38.

Insider Buying and Selling at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was 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 approximately $24,287,295.20. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,695 shares of company stock valued at $1,097,380. 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.