Allspring Global Investments Holdings LLC Has $11.38 Million Stake in Shift4 Payments, Inc. $FOUR

Allspring Global Investments Holdings LLC trimmed its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 20.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,470 shares of the company’s stock after selling 30,049 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.13% of Shift4 Payments worth $11,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. S.A. Mason LLC lifted its holdings in shares of Shift4 Payments by 1.9% during the 2nd quarter. S.A. Mason LLC now owns 5,377 shares of the company’s stock valued at $533,000 after buying an additional 102 shares during the last quarter. Prasad Wealth Partners LLC lifted its holdings in Shift4 Payments by 1.9% in the 2nd quarter. Prasad Wealth Partners LLC now owns 5,677 shares of the company’s stock worth $563,000 after purchasing an additional 105 shares during the last quarter. Truist Financial Corp lifted its holdings in Shift4 Payments by 2.8% in the 2nd quarter. Truist Financial Corp now owns 4,560 shares of the company’s stock worth $452,000 after purchasing an additional 123 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in Shift4 Payments by 41.7% in the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock worth $34,000 after purchasing an additional 125 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in Shift4 Payments by 31.4% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company’s stock worth $43,000 after purchasing an additional 127 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FOUR has been the subject of several analyst reports. Oppenheimer reduced their target price on Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Friday. Raymond James Financial reduced their target price on Shift4 Payments from $126.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, October 10th. The Goldman Sachs Group restated a “buy” rating and issued a $104.00 target price on shares of Shift4 Payments in a report on Wednesday, August 6th. Weiss Ratings upgraded Shift4 Payments from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Finally, Mizuho reduced their target price on Shift4 Payments from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

Shift4 Payments Stock Performance

Shares of NYSE FOUR opened at $74.05 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The business’s 50 day moving average is $84.45 and its two-hundred day moving average is $88.86. The company has a market cap of $6.55 billion, a P/E ratio of 27.43, a P/E/G ratio of 0.74 and a beta of 1.69. Shift4 Payments, Inc. has a 12 month low of $68.09 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.10). The business had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The business’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. On average, equities analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Activity

In other news, CEO David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction of $221,475.00. Following the sale, the chief executive officer directly owned 285,588 shares in the company, valued at approximately $25,300,240.92. The trade was a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James J. Whalen sold 794 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the sale, the insider owned 56,324 shares in the company, valued at approximately $5,062,964.36. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 25.15% of the stock is currently owned by company 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.