Baird Financial Group Inc. Sells 28,384 Shares of Shift4 Payments, Inc. $FOUR

Baird Financial Group Inc. lessened its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 552,430 shares of the company’s stock after selling 28,384 shares during the period. Baird Financial Group Inc. owned approximately 0.62% of Shift4 Payments worth $54,751,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. 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 worth $533,000 after acquiring an additional 102 shares during the last quarter. Prasad Wealth Partners LLC raised its position in Shift4 Payments by 1.9% during the second quarter. Prasad Wealth Partners LLC now owns 5,677 shares of the company’s stock valued at $563,000 after purchasing an additional 105 shares in the last quarter. Shaker Investments LLC OH raised its position in Shift4 Payments by 1.9% during the second quarter. Shaker Investments LLC OH now owns 5,556 shares of the company’s stock valued at $551,000 after purchasing an additional 105 shares in the last quarter. Truist Financial Corp lifted its stake in Shift4 Payments by 2.8% during the second 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. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Shift4 Payments by 29.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 562 shares of the company’s stock worth $56,000 after purchasing an additional 128 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock opened at $69.33 on Friday. The company’s fifty day simple moving average is $72.82 and its two-hundred day simple moving average is $86.35. Shift4 Payments, Inc. has a 12-month low of $61.23 and a 12-month high of $127.50. The firm has a market cap of $6.14 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 0.71 and a beta of 1.68. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.03). The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.19 billion. Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The business’s revenue was up 61.4% on a year-over-year basis. During the same period last year, the company posted $1.04 earnings per share. As a group, equities analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Truist Financial reduced their price target on shares of Shift4 Payments from $80.00 to $74.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. DA Davidson decreased their price target on shares of Shift4 Payments from $114.00 to $104.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. UBS Group cut their price objective on shares of Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Wells Fargo & Company reduced their target price on shares of Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $97.84.

Insiders Place Their Bets

In other Shift4 Payments news, insider James J. Whalen sold 1,438 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $71.50, for a total value of $102,817.00. Following the completion of the sale, the insider owned 54,736 shares in the company, valued at approximately $3,913,624. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 25.15% of the company’s stock.

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.