Shift4 Payments, Inc. (NYSE:FOUR) Stake Lowered by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. trimmed its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 51.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,285 shares of the company's stock after selling 71,715 shares during the period. BW Gestao de Investimentos Ltda. owned 0.08% of Shift4 Payments worth $7,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its stake in Shift4 Payments by 153.9% in 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 in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Shift4 Payments during the 4th quarter valued at $28,000. UMB Bank n.a. purchased a new position in Shift4 Payments during the fourth quarter worth $29,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Shift4 Payments in the fourth quarter worth $31,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was 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 directly owns 264,856 shares in the company, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,695 shares of company stock valued at $1,097,380. Corporate insiders own 30.57% of the company's stock.

Analyst Ratings Changes

FOUR has been the subject of a number of recent research reports. Benchmark upgraded Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. Raymond James lowered their price target on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a report on Friday, April 4th. BTIG Research reduced their price objective on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley lowered their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Finally, Evercore ISI initiated coverage on Shift4 Payments in a research note on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price target on the stock. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Shift4 Payments presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.38.

Shift4 Payments Trading Up 0.1 %

Shares of Shift4 Payments stock traded up $0.11 during trading hours on Friday, hitting $85.54. The company's stock had a trading volume of 774,172 shares, compared to its average volume of 1,691,687. The business has a fifty day moving average of $82.98 and a 200 day moving average of $97.95. Shift4 Payments, Inc. has a 1-year low of $56.10 and a 1-year high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $7.62 billion, a PE ratio of 27.86, a P/E/G ratio of 1.04 and a beta of 1.80.

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