Groupama Asset Managment Reduces Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Groupama Asset Managment reduced its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 27.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 800,000 shares of the company's stock after selling 300,000 shares during the period. Groupama Asset Managment owned 0.89% of Shift4 Payments worth $83,024,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction 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 transaction, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is owned by insiders.

Remove Ads

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $154.00 price target on shares of Shift4 Payments in a research note on Tuesday, March 4th. DA Davidson lowered their price objective 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. Morgan Stanley cut 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. Wells Fargo & Company decreased their price target on shares of Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Shift4 Payments has an average rating of "Moderate Buy" and a consensus price target of $112.95.

Shift4 Payments Stock Down 8.4 %

NYSE:FOUR traded down $6.63 on Friday, hitting $72.66. The stock had a trading volume of 4,269,212 shares, compared to its average volume of 1,578,251. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50. The firm's fifty day simple moving average is $99.80 and its two-hundred day simple moving average is $100.01. 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 stock has a market cap of $6.47 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80.

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, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1 billion. Analysts predict 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.