Allspring Global Investments Holdings LLC Decreases Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Allspring Global Investments Holdings LLC cut its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 146,519 shares of the company's stock after selling 8,232 shares during the period. Allspring Global Investments Holdings LLC owned about 0.16% of Shift4 Payments worth $12,261,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments in the 4th quarter worth about $26,000. Rakuten Securities Inc. increased its holdings in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after buying an additional 157 shares during the last quarter. Elequin Capital LP increased its holdings in shares of Shift4 Payments by 62.3% in the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after buying an additional 114 shares during the last quarter. Morse Asset Management Inc bought a new position in Shift4 Payments during the 4th quarter valued at about $36,000. Finally, Smithfield Trust Co bought a new position in Shift4 Payments during the 4th quarter valued at about $40,000. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Stock Up 3.4%

Shares of NYSE FOUR traded up $3.35 during midday trading on Friday, reaching $101.89. 1,163,430 shares of the company's stock traded hands, compared to its average volume of 1,690,053. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.12. The stock's 50 day simple moving average is $91.52 and its 200-day simple moving average is $95.75. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 0.73 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The firm had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. During the same period last year, the firm earned $0.54 earnings per share. The company's quarterly revenue was up 39.7% on a year-over-year basis. On average, analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $94,530.00. Following the transaction, the director directly owned 7,474 shares in the company, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karen Roter Davis sold 2,757 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $260,619.21. Following the transaction, the director owned 6,592 shares in the company, valued at approximately $623,141.76. This represents a 29.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,757 shares of company stock worth $1,258,449. Corporate insiders own 25.15% of the company's stock.

Analyst Upgrades and Downgrades

FOUR has been the topic of several analyst reports. Barclays cut their price target on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. 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. Wall Street Zen downgraded shares of Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. DA Davidson reiterated a "buy" rating and set a $124.00 price target on shares of Shift4 Payments in a report on Thursday, June 5th. Finally, Truist Financial initiated coverage on shares of Shift4 Payments in a report on Monday, June 2nd. They set a "hold" rating and a $97.00 price target on the stock. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Shift4 Payments has an average rating of "Moderate Buy" and an average price target of $115.35.

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.