Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 966,262 shares of the company's stock after selling 88,543 shares during the quarter. Ensign Peak Advisors Inc owned 1.07% of Shift4 Payments worth $100,279,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Moody National Bank Trust Division raised its holdings in Shift4 Payments by 86.5% in the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company's stock worth $1,645,000 after purchasing an additional 7,349 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Shift4 Payments in the 4th quarter worth approximately $812,000. Cerity Partners LLC increased its holdings in Shift4 Payments by 35.7% in the 4th quarter. Cerity Partners LLC now owns 4,629 shares of the company's stock worth $480,000 after buying an additional 1,218 shares in the last quarter. Lebenthal Global Advisors LLC bought a new stake in shares of Shift4 Payments in the fourth quarter worth approximately $328,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Shift4 Payments in the 4th quarter worth $358,000. 98.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FOUR. Royal Bank of Canada decreased their price target on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Oppenheimer lowered their target price on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Stephens reaffirmed an "overweight" rating and issued a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. Morgan Stanley cut their price objective on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Finally, Susquehanna raised their target price on shares of Shift4 Payments from $100.00 to $125.00 and gave the stock a "positive" rating in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.25.

Insiders Place Their Bets

In related news, CFO Nancy Disman sold 10,000 shares of the company's 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 directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction that occurred 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 approximately $24,287,295.20. This trade represents 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 worth $1,097,380 over the last 90 days. Corporate insiders own 25.15% of the company's stock.

Shift4 Payments Trading Down 4.4%

Shares of NYSE:FOUR traded down $4.04 during mid-day trading on Thursday, reaching $88.10. 965,317 shares of the company were exchanged, compared to its average volume of 1,669,825. 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 current ratio of 1.38 and a quick ratio of 2.97. The firm's 50-day simple moving average is $82.84 and its 200 day simple moving average is $97.85. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 28.77, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.31. The firm had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Shift4 Payments's revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS 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.