Envestnet Asset Management Inc. Trims Stock Holdings in Shift4 Payments, Inc. $FOUR

Envestnet Asset Management Inc. reduced its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 12.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,524 shares of the company’s stock after selling 8,770 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of Shift4 Payments worth $4,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FOUR. Wasatch Advisors LP lifted its position in shares of Shift4 Payments by 16.4% during the second quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock worth $628,215,000 after acquiring an additional 890,990 shares in the last quarter. Durable Capital Partners LP raised its stake in shares of Shift4 Payments by 12.6% during the 2nd quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company’s stock valued at $660,612,000 after purchasing an additional 745,650 shares during the period. Jennison Associates LLC lifted its holdings in Shift4 Payments by 25.6% during the 3rd quarter. Jennison Associates LLC now owns 2,056,056 shares of the company’s stock worth $159,139,000 after purchasing an additional 419,132 shares in the last quarter. Rice Hall James & Associates LLC boosted its stake in Shift4 Payments by 71.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 584,231 shares of the company’s stock worth $45,219,000 after purchasing an additional 243,161 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Shift4 Payments by 16.6% during the 2nd quarter. Alliancebernstein L.P. now owns 1,505,933 shares of the company’s stock valued at $149,253,000 after buying an additional 214,627 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Stock Up 0.0%

Shares of FOUR opened at $58.50 on Monday. Shift4 Payments, Inc. has a 1 year low of $52.65 and a 1 year high of $108.50. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a 50 day simple moving average of $62.29 and a two-hundred day simple moving average of $72.63. The firm has a market cap of $5.18 billion, a P/E ratio of 27.46, a P/E/G ratio of 0.50 and a beta of 1.63.

Insider Buying and Selling at Shift4 Payments

In other news, CEO David Taylor Lauber sold 12,000 shares of Shift4 Payments stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $69.00, for a total value of $828,000.00. Following the transaction, the chief executive officer owned 273,588 shares in the company, valued at approximately $18,877,572. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nancy Disman sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $69.50, for a total value of $347,500.00. Following the completion of the sale, the director directly owned 130,420 shares of the company’s stock, valued at approximately $9,064,190. This trade represents a 3.69% decrease in their position. The disclosure for this sale is available in the SEC filing. 25.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating on shares of Shift4 Payments in a research note on Thursday, December 11th. Susquehanna reduced their price target on shares of Shift4 Payments from $115.00 to $101.00 and set a “positive” rating for the company in a research report on Thursday, January 8th. BTIG Research reaffirmed a “buy” rating and issued a $105.00 price target on shares of Shift4 Payments in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered Shift4 Payments from a “buy” rating to a “hold” rating and dropped their price objective for the company from $100.00 to $65.00 in a research note on Thursday, January 15th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $90.00 target price on shares of Shift4 Payments in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.26.

Shift4 Payments Company 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.