Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,358,697 shares of the company's stock after selling 136,713 shares during the quarter. Vanguard Group Inc. owned 6.50% of Shift4 Payments worth $296,711,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. United Capital Financial Advisers LLC raised its position in shares of Shift4 Payments by 3.1% during the fourth quarter. United Capital Financial Advisers LLC now owns 5,966 shares of the company's stock worth $334,000 after purchasing an additional 177 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Shift4 Payments by 6.3% during the second quarter. Orion Portfolio Solutions LLC now owns 3,670 shares of the company's stock worth $249,000 after purchasing an additional 218 shares during the period. Principal Financial Group Inc. raised its position in shares of Shift4 Payments by 3.6% during the third quarter. Principal Financial Group Inc. now owns 6,726 shares of the company's stock worth $372,000 after purchasing an additional 233 shares during the period. Creative Planning raised its position in Shift4 Payments by 4.2% in the 2nd quarter. Creative Planning now owns 6,304 shares of the company's stock valued at $208,000 after buying an additional 256 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in Shift4 Payments by 9.2% in the 2nd quarter. MetLife Investment Management LLC now owns 3,339 shares of the company's stock valued at $227,000 after buying an additional 281 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Insider Activity at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the completion of the sale, the insider now directly owns 243,880 shares of the company's stock, valued at $19,546,982. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FOUR. Evercore ISI dropped their target price on Shift4 Payments from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 28th. Piper Sandler reiterated an "overweight" rating and set a $93.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 28th. Morgan Stanley lifted their target price on Shift4 Payments from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 28th. Wells Fargo & Company boosted their price target on Shift4 Payments from $60.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods assumed coverage on Shift4 Payments in a research note on Tuesday, January 16th. They issued an "outperform" rating and a $95.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.00.

Shift4 Payments Stock Up 0.7 %

FOUR stock traded up $0.46 during trading on Thursday, reaching $66.06. 1,372,977 shares of the stock were exchanged, compared to its average volume of 1,418,629. The firm's 50 day moving average is $75.84 and its 200 day moving average is $66.33. Shift4 Payments, Inc. has a twelve month low of $42.91 and a twelve month high of $92.30. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The firm has a market cap of $5.69 billion, a P/E ratio of 46.52, a price-to-earnings-growth ratio of 0.47 and a beta of 1.61.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). The company had revenue of $269.30 million during the quarter, compared to analysts' expectations of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. As a group, research analysts forecast that Shift4 Payments, Inc. will post 2.86 EPS for the current year.

About Shift4 Payments

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.