Zurcher Kantonalbank Zurich Cantonalbank Sells 248,487 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 96.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,181 shares of the company's stock after selling 248,487 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Shift4 Payments were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of Shift4 Payments in the fourth quarter worth approximately $26,000. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments in the fourth quarter worth approximately $28,000. UMB Bank n.a. acquired a new position in Shift4 Payments in the fourth quarter worth approximately $29,000. Valley National Advisers Inc. acquired a new position in Shift4 Payments in the fourth quarter worth approximately $31,000. Finally, Proficio Capital Partners LLC acquired a new position in Shift4 Payments in the fourth quarter worth approximately $37,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank of Canada restated an "outperform" rating and issued a $154.00 price objective on shares of Shift4 Payments in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a report on Monday, February 3rd. They issued a "hold" rating and a $120.00 price objective on the stock. Barclays dropped their price objective on Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Keefe, Bruyette & Woods increased their price objective on Shift4 Payments from $112.00 to $125.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price objective on Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $115.30.

Remove Ads

Insider Transactions at Shift4 Payments

In related 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 value of $229,250.00. Following the completion of the transaction, the president now directly owns 264,856 shares of the company's stock, valued at $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 available through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the transaction, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at approximately $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. Over the last quarter, insiders have sold 12,695 shares of company stock worth $1,097,380. Insiders own 30.57% of the company's stock.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock traded up $1.21 during midday trading on Friday, hitting $88.69. The company had a trading volume of 1,268,694 shares, compared to its average volume of 1,543,859. The business's 50 day simple moving average is $105.25 and its two-hundred day simple moving average is $99.70. The stock has a market cap of $7.90 billion, a PE ratio of 28.89, a P/E/G 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 1-year low of $55.87 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, equities 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.