Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Pier Capital LLC

Pier Capital LLC reduced its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,751 shares of the company's stock after selling 23,709 shares during the period. Pier Capital LLC owned approximately 0.09% of Shift4 Payments worth $8,795,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its position in shares of Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company's stock worth $43,666,000 after buying an additional 145,444 shares during the period. Moody National Bank Trust Division lifted its position in Shift4 Payments by 86.5% during the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company's stock worth $1,645,000 after acquiring an additional 7,349 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Shift4 Payments in the 4th quarter worth approximately $812,000. Stifel Financial Corp grew its position in Shift4 Payments by 14.3% in the third quarter. Stifel Financial Corp now owns 56,894 shares of the company's stock valued at $5,041,000 after acquiring an additional 7,117 shares in the last quarter. Finally, Lebenthal Global Advisors LLC purchased a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $328,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on FOUR. Keefe, Bruyette & Woods upped their target price on shares of Shift4 Payments from $112.00 to $125.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. DA Davidson decreased their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Raymond James upgraded Shift4 Payments from an "outperform" rating to a "strong-buy" rating and set a $140.00 target price for the company in a research note on Monday, March 10th. Benchmark downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $154.00 price objective on shares of Shift4 Payments in a research note on Tuesday, March 4th. Seven 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's stock. According to MarketBeat, Shift4 Payments currently has an average rating of "Moderate Buy" and a consensus target price of $115.30.

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Shift4 Payments Stock Performance

Shares of NYSE FOUR traded down $1.98 during midday trading on Friday, hitting $84.50. The company's stock had a trading volume of 1,283,468 shares, compared to its average volume of 1,562,389. The firm has a market cap of $7.53 billion, a P/E ratio of 27.53, a P/E/G ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50. The firm's fifty day moving average price is $103.34 and its 200-day moving average price is $100.05. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. On average, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling

In other news, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction 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 directly owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This trade represents a 0.94 % 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, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the sale, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33 % 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 in the last three months. 30.57% of the stock is owned by insiders.

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.