Gateway Investment Advisers LLC lessened its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 70.2% during the first quarter, according to its most recent Form 13F 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 quarter. Gateway Investment Advisers LLC's holdings in Shift4 Payments were worth $1,284,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of FOUR. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments in the 4th quarter worth approximately $26,000. Rakuten Securities Inc. lifted its holdings in Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after acquiring an additional 157 shares during the period. Elequin Capital LP boosted its position in Shift4 Payments by 62.3% in the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after purchasing an additional 114 shares during the last quarter. Morse Asset Management Inc purchased a new position in Shift4 Payments in the fourth quarter worth $36,000. Finally, Proficio Capital Partners LLC bought a new position in Shift4 Payments in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 98.87% of the company's stock.
Wall Street Analysts Forecast Growth
FOUR has been the topic of a number of recent analyst reports. DA Davidson reiterated a "buy" rating and set a $124.00 target price on shares of Shift4 Payments in a research note on Thursday, June 5th. Piper Sandler dropped their target price on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Oppenheimer reduced their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Morgan Stanley decreased their price target 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. Finally, Evercore ISI began coverage on Shift4 Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $115.35.
Read Our Latest Stock Report on Shift4 Payments
Shift4 Payments Price Performance
FOUR traded down $2.17 during trading on Thursday, reaching $93.36. 760,776 shares of the company were exchanged, compared to its average volume of 1,677,129. Shift4 Payments, Inc. has a 12-month low of $57.45 and a 12-month high of $127.50. The company's 50-day moving average is $85.47 and its two-hundred day moving average is $97.07. 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 company has a market cap of $8.27 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 1.04 and a beta of 1.82.
Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The firm had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The company's revenue for the quarter was up 39.7% on a year-over-year basis. Research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Friday, March 14th. The stock was 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 in the company, valued at approximately $15,094,317.56. This trade represents a 5.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 25.15% of the company's stock.
Shift4 Payments Profile
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Free Report)
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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