Bessemer Group Inc. Sells 94,327 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Bessemer Group Inc. lessened its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 30.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,763 shares of the company's stock after selling 94,327 shares during the quarter. Bessemer Group Inc. owned 0.24% of Shift4 Payments worth $22,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in FOUR. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments in the fourth quarter valued at $26,000. Rakuten Securities Inc. raised 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 acquiring an additional 157 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Shift4 Payments during the fourth quarter valued at about $28,000. UMB Bank n.a. bought a new position in Shift4 Payments during the fourth quarter worth about $29,000. Finally, Valley National Advisers Inc. purchased a new position in shares of Shift4 Payments in the fourth quarter worth about $31,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, 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 transaction, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at $15,094,317.56. The trade was a 5.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now directly owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock worth $1,097,380 over the last three months. Company insiders own 30.57% of the company's stock.

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Analyst Ratings Changes

FOUR has been the topic of a number of recent research reports. Oppenheimer dropped their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. BTIG Research cut their price target on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods reduced their price target on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. Piper Sandler dropped their price objective on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, Barclays reduced their target price on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $109.24.

Shift4 Payments Price Performance

Shares of NYSE FOUR traded up $1.46 during trading hours on Tuesday, reaching $77.96. 958,278 shares of the stock traded hands, compared to its average volume of 1,858,850. The company has a market capitalization of $6.95 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The company's 50-day simple moving average is $93.26 and its two-hundred day simple moving average is $99.53. 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 52-week low of $55.87 and a 52-week high of $127.50.

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