Envestnet Asset Management Inc. Has $6.32 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

Envestnet Asset Management Inc. lessened its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 22.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 60,887 shares of the company’s stock after selling 17,256 shares during the period. Envestnet Asset Management Inc. owned approximately 0.07% of Shift4 Payments worth $6,319,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments during the fourth quarter valued at about $26,000. Rakuten Securities Inc. lifted its position in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Shift4 Payments during the 4th quarter worth approximately $28,000. UMB Bank n.a. bought a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $29,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Shift4 Payments in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were 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 owns 264,856 shares in the company, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the transaction, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 over the last 90 days. Insiders own 30.57% of the company’s stock.

Shift4 Payments Trading Down 2.0 %

Shares of NYSE FOUR opened at $75.17 on Tuesday. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The company has a 50-day moving average of $88.97 and a two-hundred day moving average of $99.09. The company has a market cap of $6.70 billion, a PE ratio of 24.49, a P/E/G ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. As a group, equities analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FOUR. Susquehanna decreased their price target on shares of Shift4 Payments from $140.00 to $100.00 and set a “positive” rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company decreased their target price on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Stephens reissued an “overweight” rating and issued a $125.00 price target on shares of Shift4 Payments in a research report on Wednesday, February 19th. BTIG Research decreased their price objective on Shift4 Payments from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Evercore ISI assumed coverage on Shift4 Payments in a report on Wednesday, April 9th. They issued an “in-line” rating and a $80.00 target price for the company. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average target price of $112.05.

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.