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

Emerald Advisers LLC reduced its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 313,845 shares of the company's stock after selling 84,962 shares during the period. Shift4 Payments accounts for about 1.3% of Emerald Advisers LLC's investment portfolio, making the stock its 24th biggest holding. Emerald Advisers LLC owned about 0.35% of Shift4 Payments worth $32,571,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in FOUR. Swiss National Bank grew its position in shares of Shift4 Payments by 1.5% during the third quarter. Swiss National Bank now owns 109,000 shares of the company's stock worth $9,657,000 after acquiring an additional 1,600 shares during the last quarter. King Luther Capital Management Corp boosted its stake in Shift4 Payments by 54.5% during the 3rd quarter. King Luther Capital Management Corp now owns 46,638 shares of the company's stock valued at $4,132,000 after purchasing an additional 16,460 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Shift4 Payments by 13.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 427,696 shares of the company's stock valued at $37,894,000 after purchasing an additional 50,664 shares during the period. Penserra Capital Management LLC grew its position in Shift4 Payments by 0.9% in the 3rd quarter. Penserra Capital Management LLC now owns 118,615 shares of the company's stock worth $10,508,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in shares of Shift4 Payments by 0.9% in the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company's stock valued at $128,921,000 after purchasing an additional 12,804 shares during the period. 98.87% of the stock is owned by institutional investors.

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Insider Activity at Shift4 Payments

In other Shift4 Payments news, 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 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. This represents a 5.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction dated 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 owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,695 shares of company stock valued at $1,097,380. Corporate insiders own 30.57% of the company's stock.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price objective on Shift4 Payments from $112.00 to $125.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Barclays decreased their price target on Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They set a "hold" rating and a $120.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Finally, Morgan Stanley lowered their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $115.30.

Shift4 Payments Stock Up 0.5 %

Shares of FOUR stock traded up $0.40 on Thursday, reaching $86.59. 1,258,369 shares of the company's stock traded hands, compared to its average volume of 1,537,989. The company has a market capitalization of $7.72 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The business's 50 day moving average price is $103.93 and its two-hundred day moving average price is $99.82.

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

Shift4 Payments Company 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.