Alliancebernstein L.P. Sells 29,299 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Alliancebernstein L.P. decreased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,656,913 shares of the company's stock after selling 29,299 shares during the quarter. Alliancebernstein L.P. owned about 1.84% of Shift4 Payments worth $171,954,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FOUR. Charles Schwab Investment Management Inc. grew its holdings in Shift4 Payments by 13.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 427,696 shares of the company's stock worth $37,894,000 after purchasing an additional 50,664 shares during the period. Captrust Financial Advisors increased its holdings in shares of Shift4 Payments by 63.5% during the 3rd quarter. Captrust Financial Advisors now owns 14,615 shares of the company's stock worth $1,295,000 after acquiring an additional 5,674 shares during the last quarter. Centiva Capital LP raised its stake in Shift4 Payments by 104.3% in the 3rd quarter. Centiva Capital LP now owns 8,504 shares of the company's stock valued at $753,000 after acquiring an additional 4,342 shares during the period. HighTower Advisors LLC acquired a new stake in Shift4 Payments during the 3rd quarter valued at $448,000. Finally, Quantinno Capital Management LP boosted its position in Shift4 Payments by 204.9% during the third quarter. Quantinno Capital Management LP now owns 26,254 shares of the company's stock worth $2,326,000 after purchasing an additional 17,642 shares during the period. Institutional investors own 98.87% of the company's stock.

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Analyst Upgrades and Downgrades

FOUR has been the subject of a number of research reports. Barclays cut their target price on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday. Oppenheimer reduced their price objective on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Morgan Stanley lowered their target price on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research note on Monday, February 3rd. They issued a "hold" rating and a $120.00 price target for the company. Finally, Stephens reissued an "overweight" rating and set a $125.00 target price on shares of Shift4 Payments in a report on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments presently has an average rating of "Moderate Buy" and an average target price of $112.95.

Shift4 Payments Price Performance

NYSE:FOUR traded down $6.63 on Friday, hitting $72.66. The company had a trading volume of 4,269,212 shares, compared to its average volume of 1,578,251. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $127.50. 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 stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.04 and a beta of 1.80. The firm has a 50 day moving average of $99.80 and a two-hundred day moving average of $100.01.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced 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 company had revenue of $405.00 million during the quarter, compared to analysts' expectations of $1 billion. On average, research analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now owns 264,856 shares of the company's stock, valued at $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. Over the last three months, insiders have sold 12,695 shares of company stock worth $1,097,380. Insiders own 30.57% of the company's stock.

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.