Victory Capital Management Inc. Sells 51,414 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Victory Capital Management Inc. lowered its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 32.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,076 shares of the company's stock after selling 51,414 shares during the quarter. Victory Capital Management Inc. owned 0.12% of Shift4 Payments worth $8,913,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FOUR. Proficio Capital Partners LLC acquired a new position in shares of Shift4 Payments in the fourth quarter valued at $37,000. HighTower Advisors LLC raised its stake in shares of Shift4 Payments by 25.9% in the 4th quarter. HighTower Advisors LLC now owns 6,303 shares of the company's stock valued at $654,000 after buying an additional 1,295 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Shift4 Payments by 114.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,755 shares of the company's stock worth $1,635,000 after acquiring an additional 8,403 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of Shift4 Payments during the 4th quarter valued at about $1,677,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Shift4 Payments in the fourth quarter valued at about $1,276,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

Shift4 Payments stock traded up $1.75 during midday trading on Friday, hitting $106.55. The company's stock had a trading volume of 1,057,765 shares, compared to its average volume of 1,133,547. The company has a 50-day moving average price of $97.09 and a two-hundred day moving average price of $95.73. Shift4 Payments, Inc. has a 1-year low of $57.45 and a 1-year high of $127.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 36.00 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its 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. The firm had revenue of $368.50 million during the quarter, compared to analysts' expectations of $886.09 million. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. The company's quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $90.33, for a total value of $903,300.00. Following the completion of the transaction, the chief financial officer directly owned 167,622 shares in the company, valued at approximately $15,141,295.26. This trade represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $94,530.00. Following the completion of the transaction, the director owned 7,474 shares of the company's stock, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,757 shares of company stock worth $1,258,449 in the last three months. 25.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. William Blair restated an "outperform" rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods lifted their price target on shares of Shift4 Payments from $95.00 to $110.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. DA Davidson restated a "buy" rating and set a $124.00 target price on shares of Shift4 Payments in a research report on Thursday, June 5th. Piper Sandler decreased their price target on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Wall Street Zen lowered Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Shift4 Payments currently has a consensus rating of "Moderate Buy" and an average target price of $116.70.

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.