Mitsubishi UFJ Asset Management Co. Ltd. Lowers Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Mitsubishi UFJ Asset Management Co. Ltd. decreased its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 20.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,338 shares of the company’s stock after selling 11,186 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Shift4 Payments were worth $4,730,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in shares of Shift4 Payments by 13.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 427,696 shares of the company’s stock worth $37,894,000 after purchasing an additional 50,664 shares during the last quarter. Captrust Financial Advisors raised its holdings in Shift4 Payments by 63.5% in the third quarter. Captrust Financial Advisors now owns 14,615 shares of the company’s stock worth $1,295,000 after buying an additional 5,674 shares during the last quarter. Centiva Capital LP lifted its stake in shares of Shift4 Payments by 104.3% in the third quarter. Centiva Capital LP now owns 8,504 shares of the company’s stock worth $753,000 after buying an additional 4,342 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Shift4 Payments during the third quarter valued at approximately $448,000. Finally, Quantinno Capital Management LP raised its holdings in Shift4 Payments by 204.9% in the 3rd quarter. Quantinno Capital Management LP now owns 26,254 shares of the company’s stock worth $2,326,000 after acquiring an additional 17,642 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction that occurred 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 transaction, the president now owns 264,856 shares of the company’s stock, valued at $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 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. This trade represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,695 shares of company stock worth $1,097,380. Insiders own 30.57% of the company’s stock.

Shift4 Payments Price Performance

Shares of NYSE:FOUR opened at $83.57 on Wednesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 1.04 and a beta of 1.76. The firm has a fifty day moving average price of $102.03 and a 200 day moving average price of $100.22. 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) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The firm 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%. As a group, sell-side analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on FOUR. Morgan Stanley cut their target price on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. DA Davidson reduced their price objective on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. Keefe, Bruyette & Woods lowered their target price on shares of Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target for the company. Finally, Oppenheimer cut their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

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.