Vanguard Group Inc. Reduces Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Key Points

• Vanguard Group Inc. reduced its stake in Shift4 Payments by 1.3%, now holding 6,455,243 shares worth approximately $527 million as of its latest SEC filing.
• Insiders at Shift4 Payments sold a total of 13,757 shares valued at over $1.25 million within the last three months, indicating a significant decline in their ownership.
• Shift4 Payments recently reported an EPS of $1.10 for the quarter, missing the analysts' expectations, while the company saw a year-over-year revenue increase of 28.9%.

Vanguard Group Inc. cut its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,455,243 shares of the company's stock after selling 84,243 shares during the quarter. Vanguard Group Inc. owned 7.25% of Shift4 Payments worth $527,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Elequin Capital LP raised its stake in shares of Shift4 Payments by 62.3% in the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after purchasing an additional 114 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of Shift4 Payments by 41.7% in the first quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after buying an additional 125 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its position in Shift4 Payments by 31.4% during the first quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company's stock valued at $43,000 after purchasing an additional 127 shares during the period. Triumph Capital Management raised its position in Shift4 Payments by 3.2% during the fourth quarter. Triumph Capital Management now owns 4,360 shares of the company's stock valued at $452,000 after purchasing an additional 137 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Shift4 Payments by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 26,944 shares of the company's stock worth $2,796,000 after acquiring an additional 170 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Insider Transactions at Shift4 Payments

In other news, Director Karen Roter Davis sold 2,757 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 transaction of $260,619.21. Following the sale, the director owned 6,592 shares of the company's stock, valued at approximately $623,141.76. This represents a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $90.33, for a total value of $903,300.00. Following the sale, the chief financial officer directly owned 167,622 shares in the company, valued at $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 13,757 shares of company stock valued at $1,258,449 over the last three months. 25.15% of the stock is currently owned by company insiders.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock traded up $1.65 on Friday, hitting $90.76. 2,311,145 shares of the company were exchanged, compared to its average volume of 2,277,281. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 0.90 and a beta of 1.81. The company has a 50-day moving average price of $97.48 and a 200 day moving average price of $93.77. Shift4 Payments, Inc. has a 1-year low of $68.09 and a 1-year high of $127.50. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10). Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The business had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company's revenue was up 28.9% on a year-over-year basis. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FOUR has been the topic of several research reports. Wall Street Zen downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Piper Sandler lowered their price target on Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating for the company in a research report on Wednesday, August 6th. Wells Fargo & Company lifted their price target on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. B. Riley reissued a "buy" rating on shares of Shift4 Payments in a report on Monday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research note on Thursday, July 17th. They issued a "buy" rating and a $120.00 price target for the company. 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.40.

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.