Northwestern Mutual Wealth Management Co. Sells 3,302 Shares of Shift4 Payments, Inc. $FOUR

Key Points

• Northwestern Mutual Wealth Management Co. reduced its stake in Shift4 Payments by 76.3%, selling a total of 3,302 shares during the first quarter, leaving them with 1,024 shares valued at approximately $84,000.
• Several institutional investors, including Ameriprise Financial Inc., MIG Capital LLC, and Senator Investment Group LP, have increased their holdings in Shift4 Payments during the same period, indicating strong institutional interest.
• Shift4 Payments reported earnings of $1.10 per share, falling short of analysts' expectations of $1.20, with revenues of $413.4 million compared to the consensus estimate of $967.84 million.

Northwestern Mutual Wealth Management Co. trimmed its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 76.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,024 shares of the company's stock after selling 3,302 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Shift4 Payments were worth $84,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in shares of Shift4 Payments by 13.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,253,401 shares of the company's stock valued at $102,420,000 after acquiring an additional 144,111 shares during the period. MIG Capital LLC bought a new stake in shares of Shift4 Payments during the 1st quarter valued at $501,000. Senator Investment Group LP lifted its position in shares of Shift4 Payments by 32.4% during the 1st quarter. Senator Investment Group LP now owns 678,334 shares of the company's stock valued at $55,427,000 after acquiring an additional 165,973 shares during the period. Quantbot Technologies LP bought a new stake in shares of Shift4 Payments during the 1st quarter valued at $37,000. Finally, Northern Trust Corp lifted its position in shares of Shift4 Payments by 2.8% during the 1st quarter. Northern Trust Corp now owns 535,507 shares of the company's stock valued at $43,756,000 after acquiring an additional 14,517 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Trading Up 0.7%

Shift4 Payments stock traded up $0.59 during trading hours on Friday, hitting $87.52. The stock had a trading volume of 1,315,498 shares, compared to its average volume of 1,329,573. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 0.86 and a beta of 1.72. Shift4 Payments, Inc. has a one year low of $68.09 and a one year high of $127.50. The business's 50 day simple moving average is $94.89 and its 200-day simple moving average is $90.41.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.10). The firm had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. Shift4 Payments'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 earnings per share. On average, equities analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, Chairman Jared Isaacman acquired 104,705 shares of Shift4 Payments stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the completion of the purchase, the chairman directly owned 939,715 shares in the company, valued at $78,569,571.15. This trade represents a 12.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the business's 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 completion of the sale, the chief financial officer directly owned 167,622 shares in the company, valued at approximately $15,141,295.26. This represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,294 shares of company stock valued at $1,196,148 over the last three months. Company insiders own 25.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FOUR. Wall Street Zen downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods cut their target price on Shift4 Payments from $110.00 to $100.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. BTIG Research reiterated a "buy" rating on shares of Shift4 Payments in a research report on Tuesday, August 5th. The Goldman Sachs Group restated a "buy" rating and set a $104.00 price objective on shares of Shift4 Payments in a research report on Wednesday, August 6th. Finally, Truist Financial upped their price objective on Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $115.21.

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.