Shift4 Payments, Inc. (NYSE:FOUR) Stock Holdings Lowered by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. trimmed its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,725 shares of the company’s stock after selling 6,858 shares during the period. Thornburg Investment Management Inc. owned about 0.08% of Shift4 Payments worth $7,651,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FOUR. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments during the 4th quarter worth $26,000. Rakuten Securities Inc. lifted its holdings in shares of Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares during the last quarter. UMB Bank n.a. acquired a new position in shares of Shift4 Payments in the 4th quarter valued at $29,000. Valley National Advisers Inc. purchased a new position in Shift4 Payments in the 4th quarter worth about $31,000. Finally, Morse Asset Management Inc acquired a new stake in Shift4 Payments during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on FOUR shares. William Blair reiterated an “outperform” rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their price objective on shares of Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating for the company in a research note on Monday, March 31st. Barclays cut their target price on shares of Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research report on Monday, February 3rd. They issued a “hold” rating and a $120.00 target price for the company. Finally, Oppenheimer dropped their price target on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $114.25.

Shift4 Payments Stock Up 1.9%

Shift4 Payments stock opened at $90.70 on Friday. 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, Inc. has a 1-year low of $57.45 and a 1-year high of $127.50. The firm’s fifty day simple moving average is $82.87 and its 200-day simple moving average is $97.88. The company has a market capitalization of $8.04 billion, a P/E ratio of 29.54, a P/E/G ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR) last posted 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. The company had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business’s revenue was up 39.7% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. Sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the business’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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now owns 264,856 shares of the company’s stock, 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. In the last ninety days, insiders have sold 12,695 shares of company stock valued at $1,097,380. Corporate insiders own 25.15% of the company’s stock.

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.