IMA Advisory Services Inc. Sells 3,820 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

IMA Advisory Services Inc. trimmed its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 15.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,705 shares of the company's stock after selling 3,820 shares during the period. IMA Advisory Services Inc.'s holdings in Shift4 Payments were worth $1,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Proficio Capital Partners LLC acquired a new position in Shift4 Payments during the fourth quarter valued at approximately $37,000. HighTower Advisors LLC grew its holdings in Shift4 Payments by 25.9% during the fourth quarter. HighTower Advisors LLC now owns 6,303 shares of the company's stock valued at $654,000 after purchasing an additional 1,295 shares during the period. Commonwealth Equity Services LLC grew its holdings in Shift4 Payments by 114.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 15,755 shares of the company's stock valued at $1,635,000 after purchasing an additional 8,403 shares during the period. Thrivent Financial for Lutherans acquired a new position in Shift4 Payments during the fourth quarter valued at approximately $1,677,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Shift4 Payments during the fourth quarter valued at approximately $1,574,000. 98.87% of the stock is owned by institutional investors.

Insider Activity at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the sale, the chief financial officer directly owned 167,622 shares in the company, valued at approximately $15,141,295.26. This trade represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Karen Roter Davis sold 2,757 shares of the business's stock in a transaction 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 completion of the sale, the director owned 6,592 shares in the company, valued at approximately $623,141.76. The trade was a 29.49% 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 valued at $1,258,449 over the last 90 days. Insiders own 25.15% of the company's stock.

Shift4 Payments Trading Up 1.0%

Shares of FOUR stock opened at $106.97 on Wednesday. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 36.14 and a beta of 1.80. The stock has a 50-day moving average of $95.55 and a 200-day moving average of $95.61. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a 1-year low of $57.45 and a 1-year high of $127.50.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Evercore ISI began coverage on shares of Shift4 Payments in a report on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price target for the company. Wells Fargo & Company increased their target price on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Keefe, Bruyette & Woods increased their target price on shares of Shift4 Payments from $95.00 to $110.00 and gave the stock a "market perform" rating in a report on Wednesday, July 9th. Piper Sandler dropped their price target on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, Susquehanna upped their price target on shares of Shift4 Payments from $100.00 to $125.00 and gave the stock a "positive" rating in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $116.70.

About Shift4 Payments

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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