Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 44.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,490 shares of the company's stock after selling 128,719 shares during the period. Victory Capital Management Inc. owned 0.18% of Shift4 Payments worth $16,656,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Asset Management One Co. Ltd. raised its holdings in Shift4 Payments by 14.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock valued at $81,000 after acquiring an additional 99 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in Shift4 Payments by 3.5% in the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock valued at $419,000 after acquiring an additional 133 shares during the last quarter. Blue Trust Inc. raised its holdings in Shift4 Payments by 67.3% in the 4th quarter. Blue Trust Inc. now owns 425 shares of the company's stock valued at $44,000 after acquiring an additional 171 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in Shift4 Payments by 7.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company's stock valued at $303,000 after acquiring an additional 243 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in Shift4 Payments in the 4th quarter valued at $26,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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Shift4 Payments Stock Up 0.1 %

Shift4 Payments stock traded up $0.07 during midday trading on Friday, hitting $84.34. 2,471,199 shares of the company were exchanged, compared to its average volume of 1,874,951. The company's fifty day moving average price is $107.10 and its 200-day moving average price is $99.49. The company has a market cap of $7.51 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (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 for the quarter, compared to analyst estimates of $1 billion. On average, research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on FOUR. B. Riley boosted their price target on Shift4 Payments from $110.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Barclays lowered their price objective on shares of Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Benchmark downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods increased their target price on Shift4 Payments from $112.00 to $125.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Finally, Raymond James raised Shift4 Payments from an "outperform" rating to a "strong-buy" rating and set a $140.00 target price on the stock in a research report on Monday, March 10th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $115.30.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the company'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 value of $229,250.00. Following the transaction, the president now directly owns 264,856 shares of the company's stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 30.57% of the stock is currently 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.