Shift4 Payments, Inc. (NYSE:FOUR) Stake Reduced by Cwm LLC

Cwm LLC lowered its position in Shift4 Payments, Inc. (NYSE:FOUR) by 28.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 505 shares of the company’s stock after selling 197 shares during the period. Cwm LLC’s holdings in Shift4 Payments were worth $38,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. C M Bidwell & Associates Ltd. acquired a new position in shares of Shift4 Payments during the 3rd quarter valued at about $35,000. Nemes Rush Group LLC acquired a new position in Shift4 Payments during the third quarter valued at approximately $79,000. Covestor Ltd raised its position in shares of Shift4 Payments by 49,166.7% in the third quarter. Covestor Ltd now owns 1,478 shares of the company’s stock valued at $82,000 after purchasing an additional 1,475 shares during the period. HMS Capital Management LLC acquired a new stake in shares of Shift4 Payments in the fourth quarter worth $240,000. Finally, Prosperity Wealth Management Inc. bought a new stake in shares of Shift4 Payments during the 4th quarter worth $262,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Stock Up 3.9 %

NYSE FOUR opened at $61.02 on Friday. Shift4 Payments, Inc. has a 1-year low of $42.91 and a 1-year high of $92.30. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The stock’s 50 day moving average is $68.34 and its two-hundred day moving average is $68.12. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 42.71, a PEG ratio of 0.94 and a beta of 1.59.

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

Wall Street Analyst Weigh In

FOUR has been the topic of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $93.00 target price on shares of Shift4 Payments in a report on Wednesday, February 28th. Mizuho reissued a “buy” rating and set a $85.00 price objective on shares of Shift4 Payments in a research report on Wednesday, March 27th. Evercore ISI lowered their target price on Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $94.00 price target on shares of Shift4 Payments in a report on Wednesday, April 3rd. Finally, Wells Fargo & Company raised their price objective 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. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.95.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total value of $1,202,250.00. Following the transaction, the insider now directly owns 243,880 shares in the company, valued at $19,546,982. The transaction was disclosed in a document filed with the SEC, which is available through this link. 32.14% of the stock is owned by insiders.

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.