Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lowered its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,338 shares of the company's stock after selling 11,186 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Shift4 Payments were worth $4,730,000 as of its most recent filing with the Securities and Exchange Commission.

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 in the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. increased its stake 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 period. Central Pacific Bank Trust Division purchased a new stake in shares of Shift4 Payments in the fourth quarter valued at about $28,000. UMB Bank n.a. acquired a new stake in shares of Shift4 Payments during the fourth quarter worth about $29,000. Finally, Valley National Advisers Inc. acquired a new position in Shift4 Payments in the 4th quarter valued at about $31,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the transaction, the president now directly owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction 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. The trade was a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 in the last ninety days. 30.57% of the stock is owned by insiders.

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Shift4 Payments Stock Down 8.4 %

Shares of Shift4 Payments stock traded down $6.63 during trading on Friday, reaching $72.66. The company had a trading volume of 4,269,212 shares, compared to its average volume of 1,578,251. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The firm's fifty day moving average is $99.80 and its 200-day moving average is $100.12. 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 earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping the consensus estimate 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%. On average, analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analyst Upgrades and Downgrades

FOUR has been the topic of a number of analyst reports. Oppenheimer lowered their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. DA Davidson reduced their price target on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a report on Monday, February 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $154.00 price objective on shares of Shift4 Payments in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their price objective on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Finally, Barclays cut their price target on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.