Gotham Asset Management LLC Trims Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Gotham Asset Management LLC decreased its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,515 shares of the company's stock after selling 5,350 shares during the period. Gotham Asset Management LLC owned 0.05% of Shift4 Payments worth $4,931,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments in the fourth quarter worth about $26,000. Rakuten Securities Inc. increased its stake in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after purchasing an additional 157 shares in the last quarter. UMB Bank n.a. purchased a new position in shares of Shift4 Payments in the fourth quarter worth about $29,000. Valley National Advisers Inc. purchased a new position in shares of Shift4 Payments in the fourth quarter worth about $31,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Shift4 Payments in the fourth quarter worth about $37,000. Institutional investors own 98.87% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on FOUR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They set a "hold" rating and a $120.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Morgan Stanley reduced their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. William Blair reaffirmed an "outperform" rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Finally, Barclays cut their price target on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Six 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 company. According to MarketBeat, Shift4 Payments currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.25.

Shift4 Payments Trading Up 1.9%

NYSE:FOUR traded up $1.70 during midday trading on Friday, reaching $90.70. 1,149,940 shares of the stock traded hands, compared to its average volume of 1,661,724. The company has a fifty day moving average of $82.87 and a 200 day moving average of $97.83. Shift4 Payments, Inc. has a 12 month low of $57.45 and a 12 month high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The stock has a market capitalization of $8.04 billion, a P/E ratio of 29.54, a PEG ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The company had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. During the same period in the prior year, the business posted $0.54 EPS. The firm's revenue was up 39.7% compared to the same quarter last year. On average, research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the transaction, the president now directly owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. The trade was a 0.94% decrease in their position. The sale was disclosed in a document filed 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 dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,695 shares of company stock valued at $1,097,380. 25.15% of the stock is currently owned by company insiders.

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.