Thematics Asset Management Sells 79,000 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Thematics Asset Management cut its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,000 shares of the company's stock after selling 79,000 shares during the period. Thematics Asset Management owned approximately 0.23% of Shift4 Payments worth $21,171,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Asset Management One Co. Ltd. raised its stake in Shift4 Payments by 14.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after buying an additional 99 shares during the period. Perigon Wealth Management LLC lifted its holdings in shares of Shift4 Payments by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock valued at $419,000 after purchasing an additional 133 shares in the last quarter. MRP Capital Investments LLC grew its position in shares of Shift4 Payments by 5.9% in the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after purchasing an additional 150 shares during the period. Rakuten Securities Inc. increased its stake 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 purchasing an additional 157 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Shift4 Payments by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 26,944 shares of the company's stock worth $2,796,000 after buying an additional 170 shares during the period. Institutional investors own 98.87% of the company's stock.

Insider Buying and Selling

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was 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 of the company's stock, valued at $15,094,317.56. This trade 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 ninety days. 30.57% of the stock is owned by insiders.

Shift4 Payments Price Performance

Shares of FOUR traded up $0.40 during trading hours on Thursday, hitting $80.62. 1,852,674 shares of the company were exchanged, compared to its average volume of 1,596,401. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. 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 $7.18 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.04 and a beta of 1.80. The firm's fifty day moving average is $87.31 and its 200 day moving average is $98.81.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) 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 29.00%. The business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. On average, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Shift4 Payments from $115.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday. Barclays lowered their target price on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. BTIG Research cut their price target on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Evercore ISI started coverage on Shift4 Payments in a report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price objective for the company. Finally, Piper Sandler cut their target price on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $111.30.

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.