B. Metzler seel. Sohn & Co. AG Sells 41,660 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

B. Metzler seel. Sohn & Co. AG trimmed its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 46.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,227 shares of the company's stock after selling 41,660 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.05% of Shift4 Payments worth $4,901,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC acquired a new position in shares of Shift4 Payments during the fourth quarter worth about $266,000. CIBC Private Wealth Group LLC boosted its position in 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 worth $127,689,000 after acquiring an additional 350,703 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Shift4 Payments by 16.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company's stock worth $59,318,000 after acquiring an additional 78,728 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Shift4 Payments by 20.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 8,265 shares of the company's stock valued at $858,000 after purchasing an additional 1,425 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Shift4 Payments by 1,396.4% in the fourth quarter. Blair William & Co. IL now owns 122,748 shares of the company's stock worth $12,739,000 after purchasing an additional 114,545 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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Shift4 Payments Stock Performance

Shares of Shift4 Payments stock traded down $6.63 on Friday, hitting $72.66. The stock had a trading volume of 4,269,212 shares, compared to its average volume of 1,578,251. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The business's 50 day moving average is $99.80 and its two-hundred day moving average is $100.01. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $405.00 million for the quarter, compared to analysts' expectations of $1 billion. Analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the transaction, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction dated 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 directly owns 177,622 shares of the company's stock, valued at $15,094,317.56. This represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 in the last quarter. Company insiders own 30.57% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They issued a "hold" rating and a $120.00 target price for the company. Morgan Stanley lowered their target price on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. Barclays reduced their price target on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research report on Thursday. Keefe, Bruyette & Woods decreased their price target on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Finally, Piper Sandler reiterated an "overweight" rating and set a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $112.95.

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.