Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Deepwater Asset Management LLC

Deepwater Asset Management LLC reduced its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,289 shares of the company's stock after selling 26,772 shares during the period. Shift4 Payments comprises approximately 4.9% of Deepwater Asset Management LLC's holdings, making the stock its 13th largest holding. Deepwater Asset Management LLC owned about 0.20% of Shift4 Payments worth $12,436,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC grew its stake in Shift4 Payments by 358.6% during the 1st quarter. Belpointe Asset Management LLC now owns 454 shares of the company's stock worth $34,000 after buying an additional 355 shares during the last quarter. Fortis Capital Advisors LLC grew its stake in shares of Shift4 Payments by 1,873.9% in the first quarter. Fortis Capital Advisors LLC now owns 454 shares of the company's stock worth $34,000 after purchasing an additional 431 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Shift4 Payments in the second quarter worth $34,000. C M Bidwell & Associates Ltd. bought a new position in shares of Shift4 Payments in the third quarter worth $35,000. Finally, State of Wyoming bought a new position in shares of Shift4 Payments in the fourth quarter worth $36,000. 70.82% of the stock is currently owned by institutional investors.

Shift4 Payments Stock Performance

FOUR traded down $1.94 during midday trading on Tuesday, reaching $67.23. The company's stock had a trading volume of 2,391,538 shares, compared to its average volume of 1,409,558. The stock has a market cap of $5.79 billion, a P/E ratio of 47.35, a PEG ratio of 0.48 and a beta of 1.61. The company has a fifty day simple moving average of $76.14 and a 200 day simple moving average of $66.34. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. Shift4 Payments, Inc. has a twelve month low of $42.91 and a twelve month high of $92.30.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.05). The business had revenue of $269.30 million during the quarter, compared to analyst estimates of $278.85 million. Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. Research analysts expect that Shift4 Payments, Inc. will post 2.86 earnings per share for the current year.

Analysts Set New Price Targets

FOUR has been the subject of several recent analyst reports. Benchmark reissued a "buy" rating and issued a $99.00 price target on shares of Shift4 Payments in a research note on Tuesday, March 19th. Raymond James increased their price target on Shift4 Payments from $75.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 20th. Redburn Atlantic began coverage on Shift4 Payments in a report on Wednesday, December 6th. They issued a "sell" rating and a $49.00 price objective for the company. Evercore ISI cut their price objective on Shift4 Payments from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Wednesday, February 28th. Finally, Wells Fargo & Company upped their price objective on Shift4 Payments from $60.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.00.

Insiders Place Their Bets

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the sale, the insider now owns 243,880 shares in the company, valued at approximately $19,546,982. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 32.14% of the company's stock.

Shift4 Payments Company 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.

Want to see what other hedge funds are holding FOUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shift4 Payments, Inc. (NYSE:FOUR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.