Ameriprise Financial Inc. Trims Position in Shift4 Payments, Inc. (NYSE:FOUR)

Ameriprise Financial Inc. decreased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 46.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,109,290 shares of the company's stock after selling 973,479 shares during the period. Ameriprise Financial Inc. owned 1.23% of Shift4 Payments worth $115,120,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Aristeia Capital L.L.C. acquired a new position in shares of Shift4 Payments in the fourth quarter valued at approximately $548,000. Freestone Grove Partners LP acquired a new stake in shares of Shift4 Payments in the 4th quarter worth $632,000. Triumph Capital Management boosted its holdings in shares of Shift4 Payments by 3.2% in the fourth quarter. Triumph Capital Management now owns 4,360 shares of the company's stock valued at $452,000 after acquiring an additional 137 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Shift4 Payments during the fourth quarter worth about $5,486,000. Finally, Northern Trust Corp lifted its holdings in shares of Shift4 Payments by 84.4% in the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company's stock valued at $54,068,000 after buying an additional 238,478 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FOUR shares. Oppenheimer cut 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. Piper Sandler cut their price objective on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Barclays lowered their price target on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Keefe, Bruyette & Woods decreased their price objective on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. Finally, UBS Group cut their price target on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $112.38.

Insider Activity

In other Shift4 Payments 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments 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 completion of the sale, the president now owns 264,856 shares in the company, valued at approximately $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 sold 12,695 shares of company stock worth $1,097,380 in the last three months. Corporate insiders own 30.57% of the company's stock.

Shift4 Payments Trading Up 2.0%

FOUR traded up $1.76 during trading on Tuesday, reaching $91.83. 347,521 shares of the stock traded hands, compared to its average volume of 1,671,679. Shift4 Payments, Inc. has a 12 month low of $57.45 and a 12 month high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The stock's 50-day moving average is $82.74 and its 200 day moving average is $97.93. The stock has a market capitalization of $8.18 billion, a PE ratio of 29.91, a P/E/G ratio of 1.04 and a beta of 1.80.

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

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.