Shift4 Payments, Inc. (NYSE:FOUR) Stake Lowered by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,448 shares of the company's stock after selling 2,823 shares during the period. Oppenheimer & Co. Inc.'s holdings in Shift4 Payments were worth $3,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FOUR. Blue Trust Inc. increased its holdings in shares of Shift4 Payments by 67.3% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company's stock worth $44,000 after buying an additional 171 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Shift4 Payments by 2,954.7% during the fourth quarter. Principal Financial Group Inc. now owns 158,998 shares of the company's stock valued at $16,501,000 after acquiring an additional 153,793 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Shift4 Payments by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 15,700 shares of the company's stock valued at $1,629,000 after acquiring an additional 2,300 shares in the last quarter. IFP Advisors Inc grew its stake in Shift4 Payments by 192.5% in the fourth quarter. IFP Advisors Inc now owns 2,325 shares of the company's stock worth $247,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Shift4 Payments by 716.0% in the fourth quarter. Amalgamated Bank now owns 33,139 shares of the company's stock worth $3,439,000 after purchasing an additional 29,078 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Price Performance

Shift4 Payments stock traded up $0.36 during mid-day trading on Friday, hitting $98.40. The company's stock had a trading volume of 1,223,645 shares, compared to its average volume of 1,687,028. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $8.72 billion, a P/E ratio of 33.24, a P/E/G ratio of 0.70 and a beta of 1.82. Shift4 Payments, Inc. has a twelve month low of $57.45 and a twelve month high of $127.50. The stock's fifty day moving average price is $88.96 and its two-hundred day moving average price is $95.86.

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

Insiders Place Their Bets

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $90.33, for a total transaction of $903,300.00. Following the transaction, the chief financial officer now directly owns 167,622 shares in the company, valued at approximately $15,141,295.26. The trade was a 5.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the transaction, the director now owns 7,474 shares in the company, valued at approximately $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. Over the last 90 days, insiders have sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is owned by insiders.

Analysts Set New Price Targets

FOUR has been the topic of a number of recent research reports. Evercore ISI initiated coverage on shares of Shift4 Payments in a report on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 target price on the stock. DA Davidson reaffirmed a "buy" rating and set a $124.00 price target on shares of Shift4 Payments in a report on Thursday, June 5th. Wells Fargo & Company lifted their price target on Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Truist Financial initiated coverage on Shift4 Payments in a report on Monday, June 2nd. They set a "hold" rating and a $97.00 price target on the stock. Finally, Benchmark raised Shift4 Payments from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Seven research 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. Based on data from MarketBeat, Shift4 Payments presently has an average rating of "Moderate Buy" and a consensus target price 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.