Shift4 Payments, Inc. (NYSE:FOUR) Position Decreased by Wasatch Advisors LP

Wasatch Advisors LP trimmed its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,811,757 shares of the company's stock after selling 71,429 shares during the period. Shift4 Payments makes up 3.0% of Wasatch Advisors LP's portfolio, making the stock its 3rd biggest position. Wasatch Advisors LP owned 6.45% of Shift4 Payments worth $603,144,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EAM Investors LLC bought a new stake in shares of Shift4 Payments in the fourth quarter worth $4,660,000. Guggenheim Capital LLC bought a new stake in shares of Shift4 Payments in the 4th quarter worth about $951,000. Portolan Capital Management LLC increased its position in shares of Shift4 Payments by 4.7% in the 4th quarter. Portolan Capital Management LLC now owns 140,971 shares of the company's stock worth $14,630,000 after purchasing an additional 6,359 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at about $797,000. Finally, Mariner LLC lifted its position in shares of Shift4 Payments by 2.7% during the fourth quarter. Mariner LLC now owns 23,991 shares of the company's stock worth $2,490,000 after purchasing an additional 630 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FOUR. Wells Fargo & Company decreased their price objective on shares of Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Raymond James decreased their price target on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a report on Friday, April 4th. Barclays dropped their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley decreased their target price on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Finally, Evercore ISI assumed coverage on Shift4 Payments in a report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 target price for the company. Eight 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 company. Based on data from MarketBeat, Shift4 Payments has an average rating of "Moderate Buy" and an average price target of $109.24.

Shift4 Payments Stock Performance

NYSE FOUR traded down $0.77 during trading on Friday, reaching $76.67. The company's stock had a trading volume of 868,230 shares, compared to its average volume of 1,596,624. The firm has a 50 day moving average price of $89.81 and a 200 day moving average price of $99.06. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. 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 posted 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 business had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. As a group, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the firm'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 transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction that occurred 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 owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. The trade was a 0.94 % 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 valued at $1,097,380 in the last 90 days. 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.