AtonRa Partners Decreases Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

AtonRa Partners lowered its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 17.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,146 shares of the company’s stock after selling 2,410 shares during the period. Shift4 Payments makes up 1.7% of AtonRa Partners’ investment portfolio, making the stock its 7th largest position. AtonRa Partners’ holdings in Shift4 Payments were worth $829,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FOUR. C M Bidwell & Associates Ltd. bought a new position in Shift4 Payments in the third quarter valued at $35,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Shift4 Payments during the 4th quarter valued at about $90,000. Nemes Rush Group LLC purchased a new position in shares of Shift4 Payments during the 3rd quarter valued at about $79,000. Covestor Ltd lifted its position in Shift4 Payments by 49,166.7% in the 3rd quarter. Covestor Ltd now owns 1,478 shares of the company’s stock worth $82,000 after buying an additional 1,475 shares during the last quarter. Finally, HMS Capital Management LLC purchased a new stake in Shift4 Payments in the fourth quarter worth approximately $240,000. Institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling

In other news, insider David Taylor Lauber sold 15,000 shares of Shift4 Payments stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the sale, the insider now directly owns 243,880 shares in the company, valued at $19,546,982. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on FOUR. Morgan Stanley upped their price target on shares of Shift4 Payments from $60.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group reduced their price target on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. DA Davidson reaffirmed a “buy” rating and issued a $96.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 28th. Piper Sandler reissued an “overweight” rating and set a $93.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $94.00 target price on shares of Shift4 Payments in a report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.95.

Shift4 Payments Stock Up 1.1 %

Shift4 Payments stock traded up $0.67 during mid-day trading on Monday, hitting $59.75. The company had a trading volume of 1,618,344 shares, compared to its average volume of 1,403,829. Shift4 Payments, Inc. has a 12 month low of $42.91 and a 12 month high of $92.30. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The stock’s 50 day moving average price is $71.11 and its two-hundred day moving average price is $67.82. The company has a market capitalization of $5.15 billion, a PE ratio of 41.60, a price-to-earnings-growth ratio of 0.93 and a beta of 1.57.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. The firm had revenue of $269.30 million during the quarter, compared to analysts’ expectations of $278.85 million. As a group, sell-side analysts anticipate that Shift4 Payments, Inc. will post 2.84 earnings per share for the current fiscal year.

About Shift4 Payments

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.