Nuveen Asset Management LLC Has $14.72 Million Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Nuveen Asset Management LLC cut its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 33.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,879 shares of the company's stock after selling 71,720 shares during the period. Nuveen Asset Management LLC owned about 0.16% of Shift4 Payments worth $14,724,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. boosted 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 buying an additional 157 shares in the last quarter. UMB Bank n.a. acquired a new position in Shift4 Payments in the 4th quarter worth approximately $29,000. Valley National Advisers Inc. purchased a new stake in Shift4 Payments in the 4th quarter worth approximately $31,000. Finally, Morse Asset Management Inc acquired a new position in shares of Shift4 Payments during the 4th quarter worth $36,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Stock Up 1.3%

Shares of FOUR stock traded up $1.24 during trading hours on Friday, reaching $93.83. The company had a trading volume of 286,849 shares, compared to its average volume of 1,903,344. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The business has a fifty day simple moving average of $83.33 and a 200-day simple moving average of $97.52. 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, Inc. has a 12 month low of $57.45 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.76 by $0.31. The business had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. Shift4 Payments's quarterly revenue was up 39.7% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. On average, research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FOUR. William Blair restated an "outperform" rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Oppenheimer dropped their target price on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Keefe, Bruyette & Woods dropped their price objective 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. BTIG Research dropped their price objective on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Raymond James reduced their price target on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 4th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $116.32.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, the president now owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. This represents a 5.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 over the last 90 days. Insiders own 25.15% of the company's stock.

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.