Artemis Investment Management LLP Has $17.21 Million Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Artemis Investment Management LLP lessened its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 46.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 210,561 shares of the company's stock after selling 179,297 shares during the period. Artemis Investment Management LLP owned 0.24% of Shift4 Payments worth $17,205,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of Shift4 Payments by 67.3% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company's stock worth $44,000 after acquiring an additional 171 shares during the period. IFP Advisors Inc lifted its stake in shares of Shift4 Payments by 192.5% in the 4th quarter. IFP Advisors Inc now owns 2,325 shares of the company's stock valued at $247,000 after purchasing an additional 1,530 shares during the period. Amalgamated Bank boosted its position in shares of Shift4 Payments by 716.0% during the 4th quarter. Amalgamated Bank now owns 33,139 shares of the company's stock valued at $3,439,000 after purchasing an additional 29,078 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in shares of Shift4 Payments during the 4th quarter valued at about $1,453,000. Finally, Oppenheimer & Co. Inc. grew its stake in Shift4 Payments by 7.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 40,271 shares of the company's stock worth $4,179,000 after purchasing an additional 2,691 shares during the period. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Up 1.8%

Shift4 Payments stock opened at $98.20 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $8.70 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 0.68 and a beta of 1.82. Shift4 Payments, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $127.50. The firm's 50-day simple moving average is $88.96 and its 200 day simple moving average is $95.86.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. Shift4 Payments's quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other news, Director Karen Roter Davis sold 2,757 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $260,619.21. Following the sale, the director now owns 6,592 shares of the company's stock, valued at $623,141.76. The trade was a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the company's 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 sale, the director now owns 7,474 shares in the company, valued at $706,517.22. The trade was a 11.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,757 shares of company stock worth $1,258,449 over the last three months. 25.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of 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. Wall Street Zen downgraded shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. DA Davidson reissued a "buy" rating and set a $124.00 price objective on shares of Shift4 Payments in a research report on Thursday, June 5th. Keefe, Bruyette & Woods dropped their price target on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Finally, William Blair reissued an "outperform" rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Shift4 Payments presently has a consensus 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.

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