Penserra Capital Management LLC Sells 18,739 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Penserra Capital Management LLC lessened its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 12.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 129,123 shares of the company's stock after selling 18,739 shares during the quarter. Penserra Capital Management LLC owned approximately 0.14% of Shift4 Payments worth $10,550,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of Shift4 Payments during the 4th quarter worth approximately $37,000. Jones Financial Companies Lllp grew its position in Shift4 Payments by 77.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,291 shares of the company's stock valued at $134,000 after purchasing an additional 565 shares in the last quarter. State of Michigan Retirement System acquired a new stake in Shift4 Payments in the 4th quarter valued at $1,692,000. Charles Schwab Investment Management Inc. lifted its position in Shift4 Payments by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 459,623 shares of the company's stock worth $47,700,000 after buying an additional 31,927 shares in the last quarter. Finally, Atria Investments Inc boosted its stake in shares of Shift4 Payments by 18.4% during the 4th quarter. Atria Investments Inc now owns 5,140 shares of the company's stock worth $533,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Stock Performance

NYSE:FOUR traded up $1.15 during mid-day trading on Monday, reaching $102.95. 1,702,686 shares of the company's stock were exchanged, compared to its average volume of 1,690,103. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.36 and a current ratio of 1.36. The business's fifty day simple moving average is $91.52 and its two-hundred day simple moving average is $95.71. The firm has a market capitalization of $9.12 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 0.73 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. The company had revenue of $368.50 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. Analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group lowered their target price on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Benchmark raised Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company increased their price objective 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 began coverage on shares of Shift4 Payments in a research note on Monday, June 2nd. They issued a "hold" rating and a $97.00 target price for the company. Finally, Evercore ISI assumed coverage on shares of Shift4 Payments in a research report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Shift4 Payments has an average rating of "Moderate Buy" and an average price target of $115.35.

Insiders Place Their Bets

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the business's 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 completion of the transaction, the chief financial officer directly owned 167,622 shares in the company, valued at $15,141,295.26. The trade was a 5.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $94,530.00. Following the sale, the director owned 7,474 shares of the company's stock, valued at approximately $706,517.22. This represents a 11.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,757 shares of company stock worth $1,258,449 over the last ninety days. Corporate insiders own 25.15% of the company's stock.

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.