Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,656,913 shares of the company’s stock after selling 29,299 shares during the quarter. Alliancebernstein L.P. owned approximately 1.84% of Shift4 Payments worth $171,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FOUR. Vanguard Group Inc. increased its stake in shares of Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after purchasing an additional 562,774 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Shift4 Payments by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock worth $127,689,000 after buying an additional 350,703 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 valued at $93,797,000 after acquiring an additional 53,610 shares during the period. Brown Brothers Harriman & Co. raised its stake in Shift4 Payments by 16.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company’s stock valued at $59,318,000 after acquiring an additional 78,728 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Shift4 Payments by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 459,623 shares of the company’s stock worth $47,700,000 after acquiring an additional 31,927 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Stock Up 2.3 %

Shares of NYSE:FOUR opened at $83.57 on Wednesday. The firm has a 50 day simple moving average of $102.03 and a 200 day simple moving average of $100.22. 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 quick ratio of 2.97 and a current ratio of 1.38. The company has a market cap of $7.45 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results 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 business had revenue of $405.00 million for 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%. As a group, research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

FOUR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective 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. Oppenheimer reduced their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $154.00 price objective on shares of Shift4 Payments in a report on Tuesday, March 4th. Morgan Stanley dropped their target price on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Finally, Wells Fargo & Company decreased their price target on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a research note 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.80.

Insider Buying and Selling at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the 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 transaction, the president now owns 264,856 shares in the company, 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 can be accessed through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were 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 in the company, valued at $15,094,317.56. This represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock worth $1,097,380 over the last 90 days. 30.57% of the stock is currently owned by corporate insiders.

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.