Shift4 Payments, Inc. (NYSE:FOUR) Stock Holdings Lessened by Pier Capital LLC

Pier Capital LLC cut its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 21.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,751 shares of the company’s stock after selling 23,709 shares during the period. Pier Capital LLC owned about 0.09% of Shift4 Payments worth $8,795,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Shift4 Payments by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after acquiring an additional 562,774 shares in the last quarter. Wasatch Advisors LP grew its stake in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares in the last quarter. Geode Capital Management LLC increased its position in Shift4 Payments by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock worth $93,797,000 after purchasing an additional 53,610 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Shift4 Payments by 41.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after purchasing an additional 145,444 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Shift4 Payments by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 459,623 shares of the company’s stock valued at $47,700,000 after buying an additional 31,927 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Buying and Selling at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of the business’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 sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at $15,094,317.56. The trade was a 5.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the company’s 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 in the company, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock valued at $1,097,380 in the last 90 days. 30.57% of the stock is currently owned by company insiders.

Shift4 Payments Stock Performance

NYSE FOUR opened at $88.19 on Tuesday. The company’s fifty day moving average is $104.97 and its two-hundred day moving average is $99.93. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Wall Street Analysts Forecast Growth

FOUR has been the topic of a number of research reports. 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. DA Davidson cut their price target on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Piper Sandler reaffirmed an “overweight” rating and issued a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Raymond James raised shares of 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. Finally, Morgan Stanley reduced their price target on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.30.

About Shift4 Payments

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.