Durable Capital Partners LP Lowers Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Durable Capital Partners LP reduced its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,130,841 shares of the company's stock after selling 970,122 shares during the period. Shift4 Payments comprises approximately 4.3% of Durable Capital Partners LP's holdings, making the stock its 6th biggest position. Durable Capital Partners LP owned 5.69% of Shift4 Payments worth $532,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Shift4 Payments by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock worth $678,668,000 after acquiring an additional 562,774 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Shift4 Payments by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock valued at $127,689,000 after purchasing an additional 350,703 shares in the last quarter. Geode Capital Management LLC grew its position in Shift4 Payments by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock worth $120,899,000 after buying an additional 106,217 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Shift4 Payments by 16.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company's stock worth $59,318,000 after purchasing an additional 78,728 shares during the period. Finally, Northern Trust Corp lifted its stake in Shift4 Payments by 84.4% during the fourth quarter. Northern Trust Corp now owns 520,990 shares of the company's stock valued at $54,068,000 after buying an additional 238,478 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Trading Up 6.1%

FOUR stock traded up $5.19 during trading on Monday, hitting $90.72. The company had a trading volume of 1,113,192 shares, compared to its average volume of 1,672,318. 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 firm has a 50-day moving average price of $82.83 and a 200-day moving average price of $97.96. Shift4 Payments, Inc. has a 12 month low of $57.45 and a 12 month high of $127.50. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating 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 analysts' expectations of $886.09 million. During the same quarter in the previous year, the company posted $0.54 EPS. The business's revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Evercore ISI started coverage on shares of Shift4 Payments in a report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They issued a "hold" rating and a $120.00 price objective for the company. Piper Sandler lowered their target price on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Finally, Morgan Stanley dropped their price objective 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. Six equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Shift4 Payments has a consensus rating of "Moderate Buy" and an average target price of $112.38.

Insider Activity at Shift4 Payments

In other 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 completion of the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the 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 transaction, the president now owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock worth $1,097,380 in the last quarter. Corporate insiders own 30.57% of the company's stock.

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.