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

Baird Financial Group Inc. trimmed its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 54.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 352,735 shares of the company's stock after selling 423,982 shares during the period. Baird Financial Group Inc. owned 0.39% of Shift4 Payments worth $36,607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. lifted its holdings in shares of Shift4 Payments by 14.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after acquiring an additional 99 shares during the period. Perigon Wealth Management LLC increased its position in Shift4 Payments by 3.5% during the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock worth $419,000 after purchasing an additional 133 shares during the last quarter. Triumph Capital Management raised its stake in Shift4 Payments by 3.2% during the fourth quarter. Triumph Capital Management now owns 4,360 shares of the company's stock worth $452,000 after purchasing an additional 137 shares during the period. MRP Capital Investments LLC boosted its holdings in shares of Shift4 Payments by 5.9% in the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after purchasing an additional 150 shares during the last quarter. Finally, Rakuten Securities Inc. grew its stake in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after buying an additional 157 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FOUR. Oppenheimer cut their target price on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Susquehanna raised their price objective on Shift4 Payments from $100.00 to $125.00 and gave the stock a "positive" rating in a report on Wednesday, April 30th. Piper Sandler decreased their target price on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. BTIG Research cut their price target on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $112.38.

Insiders Place Their Bets

In related news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the sale, the chief financial officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the transaction, the president now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock valued at $1,097,380 in the last quarter. Insiders own 30.57% of the company's stock.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $82.58 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The stock has a 50 day moving average of $83.80 and a 200-day moving average of $98.22. The stock has a market cap of $7.36 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 52 week low of $56.10 and a 52 week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data 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. 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 last year, the business earned $0.54 EPS. The firm's revenue for the quarter was up 39.7% compared to the same quarter last year. On average, analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

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.

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