Baird Financial Group Inc. Sells 423,982 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Baird Financial Group Inc. lowered its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 54.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 352,735 shares of the company's stock after selling 423,982 shares during the period. Baird Financial Group Inc. owned approximately 0.39% of Shift4 Payments worth $36,607,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Asset Management One Co. Ltd. increased its holdings in shares of Shift4 Payments by 14.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after buying an additional 99 shares during the last quarter. Perigon Wealth Management LLC raised its position in shares of Shift4 Payments by 3.5% in the 4th 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 boosted its position in shares of Shift4 Payments by 3.2% during the fourth quarter. Triumph Capital Management now owns 4,360 shares of the company's stock valued at $452,000 after buying an additional 137 shares during the last quarter. MRP Capital Investments LLC lifted its stake in Shift4 Payments by 5.9% during the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after acquiring an additional 150 shares during the period. Finally, Rakuten Securities Inc. grew 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 acquiring an additional 157 shares during the period. Institutional investors own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FOUR. Benchmark raised shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Piper Sandler dropped their target price on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Raymond James dropped their price objective on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a report on Friday, April 4th. Wells Fargo & Company boosted their target price 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. Finally, Evercore ISI assumed coverage on shares of Shift4 Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $112.38.

Insider Transactions at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was 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 of the company's stock, valued at $15,094,317.56. This trade represents a 5.33 % 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 over the last 90 days. 30.57% of the stock is owned by corporate insiders.

Shift4 Payments Price Performance

Shares of NYSE:FOUR traded up $0.26 during midday trading on Friday, reaching $85.69. 1,221,769 shares of the company's stock were exchanged, compared to its average volume of 1,674,439. 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 firm has a market capitalization of $7.63 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The company's 50 day simple moving average is $82.83 and its two-hundred day simple moving average is $97.93.

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