Alberta Investment Management Corp Sells 19,551 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Alberta Investment Management Corp reduced its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,873 shares of the company's stock after selling 19,551 shares during the period. Alberta Investment Management Corp's holdings in Shift4 Payments were worth $3,515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Jackson Hole Trust bought a new stake in Shift4 Payments during the fourth quarter valued at about $42,000. Rice Hall James & Associates LLC lifted its position in shares of Shift4 Payments by 799.9% during the 4th quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company's stock worth $23,977,000 after purchasing an additional 205,361 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Shift4 Payments by 2,954.7% during the 4th quarter. Principal Financial Group Inc. now owns 158,998 shares of the company's stock worth $16,501,000 after purchasing an additional 153,793 shares during the last quarter. WBH Advisory Inc. bought a new stake in Shift4 Payments during the 4th quarter valued at approximately $211,000. Finally, Rhumbline Advisers grew its holdings in Shift4 Payments by 155.9% in the 4th quarter. Rhumbline Advisers now owns 185,795 shares of the company's stock valued at $19,282,000 after buying an additional 113,193 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FOUR shares. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research report on Monday, February 3rd. They issued a "hold" rating and a $120.00 price objective for the company. B. Riley increased their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Bank of America lowered shares of Shift4 Payments from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Morgan Stanley upped their price objective on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Finally, Benchmark downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $114.19.

Insiders Place Their Bets

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares of the company's stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the sale, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is currently owned by corporate insiders.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock traded down $3.94 during mid-day trading on Friday, reaching $94.95. 3,891,714 shares of the stock were exchanged, compared to its average volume of 1,733,772. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.09 and a beta of 1.72. The firm has a 50-day simple moving average of $110.87 and a 200 day simple moving average of $97.43. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. The company had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. On average, sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

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.