Pacer Advisors Inc. Sells 9,217 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Key Points

• Pacer Advisors Inc. has significantly reduced its stake in Shift4 Payments by 61.5%, owning 5,781 shares after selling 9,217 shares in the first quarter.
• Analysts have mixed ratings for Shift4 Payments, with a consensus rating of "Moderate Buy" and a target price around $117.20, with varying price targets set by several firms.
• Insiders have been active in selling their shares, with significant transactions by directors, including a total of 13,757 shares sold valued at over $1.25 million in the past ninety days.

Pacer Advisors Inc. lessened its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 61.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,781 shares of the company's stock after selling 9,217 shares during the quarter. Pacer Advisors Inc.'s holdings in Shift4 Payments were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments during the 4th quarter worth $26,000. SRH Advisors LLC purchased a new position in shares of Shift4 Payments during the 1st quarter worth $26,000. Elequin Capital LP lifted its stake in shares of Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after purchasing an additional 114 shares during the period. Valley National Advisers Inc. lifted its stake in shares of Shift4 Payments by 41.7% during the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the period. Finally, Morse Asset Management Inc purchased a new position in shares of Shift4 Payments during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 98.87% of the company's stock.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Monday, June 16th. The shares were sold at an average price of $90.33, for a total value of $903,300.00. Following the transaction, the chief financial officer owned 167,622 shares in the company, valued at $15,141,295.26. This trade represents a 5.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Karen Roter Davis sold 2,757 shares of Shift4 Payments stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $260,619.21. Following the completion of the transaction, the director owned 6,592 shares in the company, valued at $623,141.76. This trade represents a 29.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,757 shares of company stock worth $1,258,449 in the last quarter. 25.15% of the stock is currently owned by company insiders.

Shift4 Payments Stock Down 15.4%

Shares of Shift4 Payments stock traded down $15.77 during midday trading on Tuesday, reaching $86.43. 8,053,155 shares of the company's stock traded hands, compared to its average volume of 1,770,599. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 29.24 and a beta of 1.81. The company's 50 day simple moving average is $98.86 and its 200 day simple moving average is $95.51. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.36 and a current ratio of 1.36. Shift4 Payments, Inc. has a 52 week low of $61.09 and a 52 week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10). The business had revenue of $413.40 million for the quarter, compared to the consensus estimate of $967.84 million. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The firm's revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS. Equities analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FOUR. William Blair restated an "outperform" rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Raymond James Financial restated a "strong-buy" rating and set a $140.00 price objective (up from $130.00) on shares of Shift4 Payments in a report on Friday. UBS Group dropped their price objective on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Royal Bank Of Canada lowered their price target on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $117.20.

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.