Nuveen Asset Management LLC Sells 71,720 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Nuveen Asset Management LLC decreased its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 33.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,879 shares of the company’s stock after selling 71,720 shares during the period. Nuveen Asset Management LLC owned 0.16% of Shift4 Payments worth $14,724,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after acquiring an additional 562,774 shares in the last quarter. Darlington Partners Capital Management LP grew its holdings in shares of Shift4 Payments by 17.2% in the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after acquiring an additional 367,500 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Shift4 Payments by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after acquiring an additional 350,703 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Shift4 Payments by 10.0% in the 4th quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company’s stock valued at $120,899,000 after acquiring an additional 106,217 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in Shift4 Payments by 16.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 571,577 shares of the company’s stock valued at $59,318,000 after purchasing an additional 78,728 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

FOUR has been the subject of several recent analyst reports. DA Davidson cut their target price on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Wells Fargo & Company raised their target price on shares of Shift4 Payments from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Susquehanna raised their target price on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, April 30th. William Blair reiterated an “outperform” rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $116.32.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owns 177,622 shares in the company, valued at $15,094,317.56. The trade was a 5.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction that occurred 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 transaction, the president now owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock worth $1,097,380 over the last three months. Corporate insiders own 25.15% of the company’s stock.

Shift4 Payments Stock Up 1.9%

NYSE FOUR opened at $89.21 on Monday. 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 company has a 50 day moving average of $83.11 and a 200-day moving average of $97.78. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.31. The company had revenue of $368.50 million during the quarter, compared to the consensus estimate of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. On average, equities research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

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.