Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 154,751 shares of the company's stock after selling 6,579 shares during the period. Allspring Global Investments Holdings LLC owned 0.17% of Shift4 Payments worth $16,766,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its holdings in Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company's stock valued at $43,666,000 after acquiring an additional 145,444 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Shift4 Payments by 26.6% in the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company's stock valued at $3,330,000 after acquiring an additional 7,905 shares during the last quarter. Jennison Associates LLC lifted its holdings in Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock valued at $251,098,000 after acquiring an additional 242,179 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in Shift4 Payments by 86.5% in the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company's stock valued at $1,645,000 after acquiring an additional 7,349 shares during the last quarter. Finally, Chesapeake Capital Corp IL acquired a new position in Shift4 Payments in the third quarter valued at approximately $552,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FOUR has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on Shift4 Payments from $106.00 to $119.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Piper Sandler restated an "overweight" rating and set a $143.00 price target (up from $120.00) on shares of Shift4 Payments in a research note on Wednesday. Stephens restated an "overweight" rating and set a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday. Royal Bank of Canada upped their price target on Shift4 Payments from $116.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Susquehanna upped their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a research note on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $112.90.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the transaction, the insider now owns 210,045 shares of the company's stock, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock valued at $1,211,364 over the last quarter. 30.57% of the stock is owned by insiders.

Shift4 Payments Stock Down 17.5 %

NYSE:FOUR traded down $22.02 during trading hours on Wednesday, hitting $103.64. The company's stock had a trading volume of 9,831,615 shares, compared to its average volume of 1,549,365. The stock has a market capitalization of $9.34 billion, a P/E ratio of 56.33, a price-to-earnings-growth ratio of 1.28 and a beta of 1.72. The stock has a fifty day moving average of $110.91 and a 200-day moving average of $97.42. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. On average, equities analysts forecast that Shift4 Payments, Inc. will post 2.95 earnings per share 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.