AQR Capital Management LLC Sells 7,330 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

AQR Capital Management LLC lowered its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 49.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,584 shares of the company's stock after selling 7,330 shares during the period. AQR Capital Management LLC's holdings in Shift4 Payments were worth $556,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP lifted its position in Shift4 Payments by 1,910.3% during the 2nd quarter. Marshall Wace LLP now owns 190,975 shares of the company's stock valued at $14,008,000 after purchasing an additional 181,475 shares during the period. Xponance Inc. raised its position in shares of Shift4 Payments by 13.6% in the 2nd quarter. Xponance Inc. now owns 7,736 shares of the company's stock valued at $567,000 after acquiring an additional 927 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Shift4 Payments by 52,033.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company's stock worth $108,000 after purchasing an additional 1,561 shares during the period. Deepwater Asset Management LLC grew its holdings in shares of Shift4 Payments by 2.2% in the 2nd quarter. Deepwater Asset Management LLC now owns 211,429 shares of the company's stock valued at $15,508,000 after buying an additional 4,551 shares during the period. Finally, Ensign Peak Advisors Inc grew its stake in Shift4 Payments by 6,185.0% in the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company's stock valued at $80,358,000 after acquiring an additional 1,078,115 shares during the period. Institutional investors own 98.87% of the company's stock.

Analyst Upgrades and Downgrades

FOUR has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on Shift4 Payments from $96.00 to $106.00 and gave the company a "buy" rating in a research report on Monday. Susquehanna reissued a "positive" rating and issued a $97.00 target price on shares of Shift4 Payments in a research report on Thursday, September 12th. Wells Fargo & Company upped their price target on Shift4 Payments from $75.00 to $95.00 and gave the stock an "overweight" rating in a research report on Friday, September 20th. BTIG Research increased their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, Barclays initiated coverage on Shift4 Payments in a research note on Wednesday, October 9th. They issued an "overweight" rating and a $120.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $92.40.

Shift4 Payments Stock Performance

NYSE:FOUR remained flat at $94.15 during mid-day trading on Tuesday. 891,874 shares of the company were exchanged, compared to its average volume of 1,376,939. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 63.19, a PEG ratio of 1.01 and a beta of 1.64. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The business's 50 day moving average is $82.99 and its two-hundred day moving average is $72.76. Shift4 Payments, Inc. has a 1-year low of $42.91 and a 1-year high of $96.90.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.09. The firm had revenue of $320.60 million for the quarter, compared to analysts' expectations of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The company's revenue was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. As a group, equities research analysts forecast that Shift4 Payments, Inc. will post 3.11 EPS for the current year.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the sale, the chief financial officer now directly owns 182,959 shares of the company's stock, valued at $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

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.