CoreCap Advisors LLC Lowers Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

CoreCap Advisors LLC cut its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 68.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 300 shares of the company’s stock after selling 650 shares during the quarter. CoreCap Advisors LLC’s holdings in Shift4 Payments were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FOUR. Heck Capital Advisors LLC purchased a new stake in shares of Shift4 Payments during the 4th quarter worth $26,000. Rakuten Securities Inc. boosted its stake in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares during the last quarter. UMB Bank n.a. purchased a new stake in Shift4 Payments in the 4th quarter worth approximately $29,000. Valley National Advisers Inc. acquired a new position in Shift4 Payments in the fourth quarter valued at $31,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Shift4 Payments during the 4th quarter valued at about $37,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 over the last 90 days. 25.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on FOUR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective for the company. DA Davidson decreased their price target on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. Evercore ISI initiated coverage on Shift4 Payments in a research note on Wednesday, April 9th. They set an “in-line” rating and a $80.00 target price for the company. Royal Bank of Canada decreased their price objective on shares of Shift4 Payments from $154.00 to $127.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, Piper Sandler reduced their price objective on Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.25.

Shift4 Payments Price Performance

Shares of FOUR opened at $89.10 on Friday. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50. The stock’s fifty day moving average is $82.83 and its 200-day moving average is $97.83.

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

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.