Gateway Investment Advisers LLC Has $1.28 Million Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Gateway Investment Advisers LLC lessened its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 70.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,713 shares of the company's stock after selling 37,081 shares during the period. Gateway Investment Advisers LLC's holdings in Shift4 Payments were worth $1,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Shift4 Payments by 9.4% in the 4th 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. Darlington Partners Capital Management LP lifted its stake in Shift4 Payments by 17.2% in the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock valued at $260,489,000 after purchasing an additional 367,500 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Shift4 Payments by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock valued at $127,689,000 after purchasing an additional 350,703 shares during the last quarter. Geode Capital Management LLC lifted its stake in Shift4 Payments by 10.0% in 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 last quarter. Finally, Spyglass Capital Management LLC lifted its stake in Shift4 Payments by 22.7% in the 4th quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company's stock valued at $101,897,000 after purchasing an additional 181,539 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FOUR shares. Piper Sandler dropped their price objective on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Barclays dropped their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. William Blair reaffirmed an "outperform" rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Royal Bank of Canada dropped their price target on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, B. Riley reaffirmed a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. 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.com, Shift4 Payments currently has an average rating of "Moderate Buy" and an average target price of $115.35.

Insiders Place Their Bets

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 25.15% of the company's stock.

Shift4 Payments Trading Up 0.5%

NYSE FOUR traded up $0.46 during mid-day trading on Wednesday, reaching $95.45. 901,977 shares of the stock were exchanged, compared to its average volume of 1,680,793. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50. The stock has a 50 day simple moving average of $85.47 and a 200-day simple moving average of $97.07. The stock has a market cap of $8.46 billion, a P/E ratio of 31.09, a P/E/G ratio of 1.04 and a beta of 1.82. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly 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 analysts' expectations of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business's quarterly revenue was up 39.7% on a year-over-year basis. During the same period last year, the company posted $0.54 earnings per share. On average, analysts anticipate 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.