WCM Investment Management LLC Increases Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

WCM Investment Management LLC lifted its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 203,171 shares of the company's stock after acquiring an additional 18,236 shares during the period. WCM Investment Management LLC owned 0.25% of Shift4 Payments worth $15,179,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FOUR. Durable Capital Partners LP lifted its stake in Shift4 Payments by 7.1% in the fourth quarter. Durable Capital Partners LP now owns 4,576,010 shares of the company's stock worth $255,936,000 after purchasing an additional 301,452 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Shift4 Payments by 6.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,171,922 shares of the company's stock worth $177,406,000 after purchasing an additional 179,965 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Shift4 Payments by 8.0% in the third quarter. Clearbridge Investments LLC now owns 2,025,558 shares of the company's stock worth $112,155,000 after purchasing an additional 149,783 shares during the last quarter. Geode Capital Management LLC lifted its stake in Shift4 Payments by 3.3% in the first quarter. Geode Capital Management LLC now owns 722,623 shares of the company's stock worth $54,781,000 after purchasing an additional 22,867 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in Shift4 Payments by 2.8% in the third quarter. Westfield Capital Management Co. LP now owns 693,578 shares of the company's stock worth $38,403,000 after purchasing an additional 18,803 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Price Performance

Shares of FOUR stock traded down $2.77 on Friday, reaching $63.98. 1,474,741 shares of the company were exchanged, compared to its average volume of 1,718,144. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 45.06, a P/E/G ratio of 1.01 and a beta of 1.57. The business has a 50-day moving average price of $74.16 and a 200 day moving average price of $67.31. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.63 and a current ratio of 1.64. Shift4 Payments, Inc. has a 1 year low of $42.91 and a 1 year 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 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.05). The company had revenue of $269.30 million for 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%. Equities research analysts forecast that Shift4 Payments, Inc. will post 2.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total value of $1,202,250.00. Following the transaction, the insider now directly owns 243,880 shares in the company, valued at approximately $19,546,982. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 32.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FOUR shares. Royal Bank of Canada reissued an "outperform" rating and issued a $94.00 price objective on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Wells Fargo & Company raised their target price on shares of Shift4 Payments from $60.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, February 2nd. The Goldman Sachs Group lifted their price objective on shares of Shift4 Payments from $76.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, January 11th. DA Davidson reissued a "buy" rating and set a $96.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 28th. Finally, UBS Group raised their target price on shares of Shift4 Payments from $75.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Shift4 Payments has a consensus rating of "Moderate Buy" and a consensus price target of $85.00.

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.