Emerald Advisers LLC Sells 84,962 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Emerald Advisers LLC trimmed its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 21.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 313,845 shares of the company's stock after selling 84,962 shares during the quarter. Shift4 Payments makes up about 1.3% of Emerald Advisers LLC's investment portfolio, making the stock its 24th largest holding. Emerald Advisers LLC owned about 0.35% of Shift4 Payments worth $32,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in Shift4 Payments during the 4th quarter valued at $26,000. Rakuten Securities Inc. lifted its holdings in Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after purchasing an additional 157 shares during the period. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments during the 4th quarter valued at about $28,000. UMB Bank n.a. bought a new stake in shares of Shift4 Payments during the 4th quarter worth about $29,000. Finally, Valley National Advisers Inc. acquired a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FOUR. Benchmark lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. Morgan Stanley lowered their price target on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Piper Sandler reissued an "overweight" rating and issued a $143.00 price objective (up from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their target price on Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Finally, Oppenheimer decreased their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $115.30.

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Insiders Place Their Bets

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now owns 264,856 shares in the company, valued at $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock worth $1,097,380 in the last ninety days. Insiders own 30.57% of the company's stock.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock traded up $0.62 during trading on Thursday, reaching $86.81. The company's stock had a trading volume of 124,997 shares, compared to its average volume of 1,787,897. The business's fifty day moving average price is $104.34 and its 200-day moving average price is $99.91. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38.

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