Envestnet Asset Management Inc. Sells 17,256 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Envestnet Asset Management Inc. decreased its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 22.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,887 shares of the company's stock after selling 17,256 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Shift4 Payments worth $6,319,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Asset Management One Co. Ltd. lifted its stake 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 in the last quarter. Perigon Wealth Management LLC lifted its position in Shift4 Payments by 3.5% in the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock valued at $419,000 after acquiring an additional 133 shares in the last quarter. MRP Capital Investments LLC boosted its stake in Shift4 Payments by 5.9% during the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after purchasing an additional 150 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after purchasing an additional 157 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Shift4 Payments by 67.3% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company's stock worth $44,000 after purchasing an additional 171 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FOUR shares. Stephens reissued an "overweight" rating and issued a $125.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 19th. Piper Sandler lowered their price objective on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. DA Davidson decreased their target price on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Susquehanna dropped their price target on Shift4 Payments from $140.00 to $100.00 and set a "positive" rating on the stock in a research note on Friday, April 11th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $154.00 price objective on shares of Shift4 Payments in a research report on Tuesday, March 4th. Seven investment 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $111.30.

Insider Buying and Selling at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred 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 sale, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. The trade was 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 over the last quarter. Insiders own 30.57% of the company's stock.

Shift4 Payments Price Performance

Shares of NYSE:FOUR traded down $0.52 on Friday, reaching $80.11. The company's stock had a trading volume of 840,682 shares, compared to its average volume of 1,596,574. The company has a 50-day simple moving average of $86.50 and a 200 day simple moving average of $98.74. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week 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 company has a market cap of $7.14 billion, a P/E ratio of 26.10, a PEG ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued 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. 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%. As a group, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal 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.