Thornburg Investment Management Inc. Sells 6,858 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Thornburg Investment Management Inc. lowered its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,725 shares of the company's stock after selling 6,858 shares during the quarter. Thornburg Investment Management Inc. owned about 0.08% of Shift4 Payments worth $7,651,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after buying an additional 562,774 shares during the last quarter. Cat Rock Capital Management LP bought a new position in shares of Shift4 Payments in the fourth quarter worth about $39,222,000. Darlington Partners Capital Management LP lifted its position in shares of Shift4 Payments by 17.2% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock worth $260,489,000 after purchasing an additional 367,500 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Shift4 Payments by 41.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock valued at $127,689,000 after purchasing an additional 350,703 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Shift4 Payments by 84.4% in the fourth quarter. Northern Trust Corp now owns 520,990 shares of the company's stock valued at $54,068,000 after purchasing an additional 238,478 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Up 0.2%

Shares of NYSE:FOUR traded up $0.18 during midday trading on Thursday, reaching $87.52. The company had a trading volume of 914,200 shares, compared to its average volume of 1,660,193. Shift4 Payments, Inc. has a 1-year low of $57.45 and a 1-year high of $127.50. The stock has a market cap of $7.76 billion, a PE ratio of 28.51, a P/E/G ratio of 1.04 and a beta of 1.80. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The business's 50 day moving average price is $83.04 and its 200 day moving average price is $97.80.

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 for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same quarter in the previous year, the firm earned $0.54 EPS. The business's quarterly revenue was up 39.7% on a year-over-year basis. Research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a report on Monday, February 3rd. They set a "hold" rating and a $120.00 price objective on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. Wall Street Zen lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday. Benchmark upgraded Shift4 Payments from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Finally, Morgan Stanley reduced their target price on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.25.

Insider Buying and Selling

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