Granahan Investment Management LLC Sells 7,274 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Granahan Investment Management LLC lowered its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 1.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 519,556 shares of the company’s stock after selling 7,274 shares during the period. Shift4 Payments accounts for approximately 2.3% of Granahan Investment Management LLC’s holdings, making the stock its 11th largest position. Granahan Investment Management LLC owned about 0.58% of Shift4 Payments worth $53,920,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FOUR. Vanguard Group Inc. increased 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 worth $678,668,000 after acquiring an additional 562,774 shares during the last quarter. Cat Rock Capital Management LP bought a new position in shares of Shift4 Payments in the fourth quarter valued at about $39,222,000. Darlington Partners Capital Management LP raised its position in shares of Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after purchasing an additional 367,500 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Shift4 Payments by 41.3% during 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 during the period. Finally, Northern Trust Corp grew its stake in Shift4 Payments by 84.4% in the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company’s stock valued at $54,068,000 after buying an additional 238,478 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Trading Up 0.3 %

Shares of Shift4 Payments stock opened at $85.69 on Friday. The firm’s 50 day moving average is $82.83 and its 200 day moving average is $97.90. The firm has a market capitalization of $7.63 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 1 year low of $57.45 and a 1 year high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.31. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The firm had revenue of $368.50 million for the quarter, compared to analysts’ expectations of $886.09 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was up 39.7% on a year-over-year basis. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FOUR shares. Barclays reduced their price objective on Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. UBS Group reduced their price target on Shift4 Payments from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Royal Bank of Canada lowered their price objective on Shift4 Payments from $154.00 to $127.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Piper Sandler decreased their price target on shares of Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Finally, Morgan Stanley dropped their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus price target of $112.38.

Insider Buying and Selling at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the firm’s 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 completion of the transaction, the president now owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $849,800.00. Following the completion of the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,695 shares of company stock worth $1,097,380. 30.57% of the stock is currently owned by 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.