Carnegie Investment Counsel Decreases Stock Holdings in Shift4 Payments, Inc. $FOUR

Carnegie Investment Counsel reduced its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 26.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,731 shares of the company’s stock after selling 30,133 shares during the quarter. Carnegie Investment Counsel owned approximately 0.10% of Shift4 Payments worth $6,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FOUR. S.A. Mason LLC raised its stake in shares of Shift4 Payments by 1.9% during the second quarter. S.A. Mason LLC now owns 5,377 shares of the company’s stock valued at $533,000 after acquiring an additional 102 shares during the last quarter. Prasad Wealth Partners LLC increased its holdings in Shift4 Payments by 1.9% during the 2nd 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 during the period. Shaker Investments LLC OH increased its holdings in Shift4 Payments by 1.9% during the 2nd 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 during the period. Truist Financial Corp lifted its holdings in Shift4 Payments by 2.8% in the 2nd quarter. Truist Financial Corp now owns 4,560 shares of the company’s stock worth $452,000 after buying an additional 123 shares during the period. Finally, Advisors Asset Management Inc. grew its position 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 buying an additional 128 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating on shares of Shift4 Payments in a report on Thursday, December 11th. The Goldman Sachs Group dropped their target price on shares of Shift4 Payments from $95.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $90.00 target price on shares of Shift4 Payments in a research note on Thursday, November 6th. Loop Capital set a $80.00 price target on shares of Shift4 Payments in a research note on Thursday, December 11th. Finally, Truist Financial lowered their price objective on shares of Shift4 Payments from $80.00 to $74.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus target price of $96.70.

Insiders Place Their Bets

In other Shift4 Payments news, Director Nancy Disman sold 5,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $69.50, for a total value of $347,500.00. Following the sale, the director directly owned 130,420 shares of the company’s stock, valued at approximately $9,064,190. The trade was a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James J. Whalen sold 1,438 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.50, for a total value of $102,817.00. Following the transaction, the insider owned 54,736 shares of the company’s stock, valued at $3,913,624. The trade was a 2.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 18,438 shares of company stock valued at $1,278,317. 25.15% of the stock is currently owned by corporate insiders.

Shift4 Payments Trading Up 0.3%

NYSE:FOUR opened at $65.28 on Friday. The firm has a market capitalization of $5.79 billion, a P/E ratio of 30.65, a PEG ratio of 0.66 and a beta of 1.68. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.38 and a quick ratio of 1.38. Shift4 Payments, Inc. has a one year low of $61.23 and a one year high of $127.50. The company’s 50-day simple moving average is $69.22 and its 200 day simple moving average is $83.41.

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

Shift4 Payments Profile

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.