Castleark Management LLC Cuts Holdings in Shift4 Payments, Inc. $FOUR

Castleark Management LLC lessened its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 34.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 52,880 shares of the company’s stock after selling 27,900 shares during the quarter. Castleark Management LLC owned 0.06% of Shift4 Payments worth $5,241,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in Shift4 Payments in the first quarter valued at approximately $27,000. Allworth Financial LP increased its position in shares of Shift4 Payments by 410.9% in the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 226 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Shift4 Payments by 100.0% in the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Shift4 Payments during the first quarter worth $37,000. Finally, UMB Bank n.a. increased its holdings in Shift4 Payments by 33.5% in the second quarter. UMB Bank n.a. now owns 713 shares of the company’s stock valued at $71,000 after buying an additional 179 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

NYSE FOUR opened at $68.72 on Monday. The firm has a market cap of $6.09 billion, a P/E ratio of 32.26, a P/E/G ratio of 0.70 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. The business’s 50-day moving average price is $71.64 and its 200 day moving average price is $85.41. Shift4 Payments, Inc. has a 52-week low of $61.23 and a 52-week high of $127.50.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.03). Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company earned $1.04 EPS. Shift4 Payments’s revenue for the quarter was up 61.4% compared to the same quarter last year. On average, equities research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Activity

In other news, insider James J. Whalen sold 1,438 shares of the firm’s 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 directly owned 54,736 shares of the company’s stock, valued at $3,913,624. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 25.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating for the company in a report on Friday, November 7th. Susquehanna decreased their target price on Shift4 Payments from $125.00 to $115.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Benchmark reiterated a “buy” rating on shares of Shift4 Payments in a research note on Thursday. Raymond James Financial reissued a “strong-buy” rating and set a $90.00 price objective on shares of Shift4 Payments in a report on Thursday, November 6th. Finally, DA Davidson reduced their price objective on shares of Shift4 Payments from $114.00 to $104.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.95.

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.