Victory Capital Management Inc. Sells 76,023 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Victory Capital Management Inc. reduced its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 480,305 shares of the company’s stock after selling 76,023 shares during the period. Victory Capital Management Inc.’s holdings in Shift4 Payments were worth $35,706,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Xponance Inc. increased its position in shares of Shift4 Payments by 4.2% in the third quarter. Xponance Inc. now owns 7,904 shares of the company’s stock worth $438,000 after purchasing an additional 322 shares during the last quarter. Strs Ohio raised its position in shares of Shift4 Payments by 22.6% during the 3rd quarter. Strs Ohio now owns 12,703 shares of the company’s stock valued at $703,000 after buying an additional 2,338 shares in the last quarter. Deepwater Asset Management LLC raised its position in shares of Shift4 Payments by 190.8% during the 3rd quarter. Deepwater Asset Management LLC now owns 194,061 shares of the company’s stock valued at $10,745,000 after buying an additional 127,329 shares in the last quarter. Emerald Advisers LLC lifted its holdings in shares of Shift4 Payments by 4.0% during the 3rd quarter. Emerald Advisers LLC now owns 503,498 shares of the company’s stock worth $27,879,000 after acquiring an additional 19,487 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its position in Shift4 Payments by 0.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 401,235 shares of the company’s stock worth $22,216,000 after acquiring an additional 1,841 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Insider Transactions at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the sale, the insider now directly owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FOUR. Royal Bank of Canada reaffirmed an “outperform” rating and set a $94.00 price target on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Mizuho reaffirmed a “buy” rating and issued a $85.00 target price on shares of Shift4 Payments in a research note on Wednesday, March 27th. Wells Fargo & Company lifted their price target on shares of Shift4 Payments from $60.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods began coverage on shares of Shift4 Payments in a research note on Tuesday, January 16th. They issued an “outperform” rating and a $95.00 price objective for the company. Finally, Redburn Atlantic upgraded shares of Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 target price on the stock in a research report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $84.95.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $60.03 on Tuesday. The company has a 50 day simple moving average of $69.48 and a two-hundred day simple moving average of $68.07. Shift4 Payments, Inc. has a fifty-two week low of $42.91 and a fifty-two week high of $92.30. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 42.27, a P/E/G ratio of 0.94 and a beta of 1.59. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.63 and a current ratio of 1.64.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The company had revenue of $269.30 million for the quarter, compared to the consensus estimate of $278.85 million. Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. Analysts expect that Shift4 Payments, Inc. will post 2.84 EPS for the current fiscal year.

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.