Edmond DE Rothschild Holding S.A. Reduces Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Edmond DE Rothschild Holding S.A. decreased its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 99.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,905 shares of the company's stock after selling 349,525 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Shift4 Payments were worth $198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. increased its holdings in shares of Shift4 Payments by 14.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after buying an additional 99 shares during the period. Perigon Wealth Management LLC grew its position in Shift4 Payments by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock worth $419,000 after acquiring an additional 133 shares during the last quarter. MRP Capital Investments LLC increased its stake in Shift4 Payments by 5.9% in the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock worth $280,000 after purchasing an additional 150 shares during the period. Rakuten Securities Inc. lifted its position in Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Shift4 Payments by 67.3% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company's stock valued at $44,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

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Shift4 Payments Stock Up 3.1 %

Shares of NYSE FOUR traded up $2.27 on Monday, reaching $74.77. 3,404,973 shares of the company's stock traded hands, compared to its average volume of 1,585,529. The business's 50 day simple moving average is $99.00 and its two-hundred day simple moving average is $100.05. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. 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 (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. As a group, equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity

In related news, CFO Nancy Disman sold 10,000 shares of the company's 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 approximately $15,094,317.56. This represents a 5.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments 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 completion of the sale, the president now directly owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock worth $1,097,380 over the last three months. 30.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on FOUR. DA Davidson decreased their target price on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Stephens restated an "overweight" rating and issued a $125.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 19th. Barclays lowered their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a research note on Monday, February 3rd. They issued a "hold" rating and a $120.00 target price on the stock. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Shift4 Payments has a consensus rating of "Moderate Buy" and a consensus 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.