Nomura Asset Management Co. Ltd. Reduces Position in Shift4 Payments, Inc. (NYSE:FOUR)

Nomura Asset Management Co. Ltd. reduced its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 76.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 966,744 shares of the company's stock after selling 3,124,751 shares during the period. Nomura Asset Management Co. Ltd. owned about 1.07% of Shift4 Payments worth $100,329,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FOUR. Heck Capital Advisors LLC purchased a new stake in shares of Shift4 Payments during the fourth quarter worth $26,000. Rakuten Securities Inc. grew its stake 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 purchasing an additional 157 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Shift4 Payments during the 4th quarter worth about $28,000. UMB Bank n.a. acquired a new stake in Shift4 Payments in the 4th quarter valued at about $29,000. Finally, Valley National Advisers Inc. purchased a new position in shares of 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 Buying and Selling at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred 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 completion of the sale, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their position. The transaction was disclosed in a legal filing 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 that occurred 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 owns 177,622 shares in the company, 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. In the last three months, insiders have sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

Several brokerages recently weighed in on FOUR. Oppenheimer reduced their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company reduced their price objective on shares of Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. DA Davidson lowered 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. Benchmark lowered Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a report on Monday, February 3rd. They set a "hold" rating and a $120.00 price target for the company. Seven research 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 company currently has an average rating of "Moderate Buy" and a consensus target price of $113.80.

Shift4 Payments Stock Performance

Shares of NYSE FOUR traded up $1.98 during midday trading on Tuesday, reaching $83.69. 775,878 shares of the company were exchanged, compared to its average volume of 1,780,206. The stock has a market cap of $7.46 billion, a P/E ratio of 27.26, a PEG ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50. The stock has a fifty day simple moving average of $102.69 and a 200 day simple moving average of $100.21. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (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 business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. On average, research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal 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.