ShawSpring Partners LLC Sells 350,131 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

ShawSpring Partners LLC decreased its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 26.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 969,748 shares of the company's stock after selling 350,131 shares during the quarter. Shift4 Payments makes up approximately 13.3% of ShawSpring Partners LLC's holdings, making the stock its biggest holding. ShawSpring Partners LLC owned 1.08% of Shift4 Payments worth $100,640,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its position 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 last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $28,000. UMB Bank n.a. bought a new stake in shares of Shift4 Payments in the fourth quarter valued at about $29,000. Finally, Valley National Advisers Inc. bought a new stake in Shift4 Payments in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Stock Performance

Shares of NYSE FOUR traded down $0.77 during trading hours on Friday, reaching $76.67. The stock had a trading volume of 868,230 shares, compared to its average volume of 1,596,624. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.04 and a beta of 1.80. The firm has a 50-day moving average of $89.81 and a 200-day moving average of $99.06. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. Equities research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FOUR shares. Evercore ISI began coverage on shares of Shift4 Payments in a research note on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They issued a "hold" rating and a $120.00 price target on the stock. Piper Sandler lowered their price target on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Raymond James lowered their price objective on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Friday, April 4th. Finally, Wells Fargo & Company lowered their target price 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. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.24.

Insider Activity

In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock worth $1,097,380 over the last 90 days. 30.57% of the stock is currently owned by corporate insiders.

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.