Covestor Ltd Reduces Position in Shift4 Payments, Inc. (NYSE:FOUR)

Covestor Ltd trimmed its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 25.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,377 shares of the company’s stock after selling 469 shares during the quarter. Covestor Ltd’s holdings in Shift4 Payments were worth $91,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FOUR. SG Americas Securities LLC increased its stake in Shift4 Payments by 26.3% in the fourth quarter. SG Americas Securities LLC now owns 20,652 shares of the company’s stock worth $1,535,000 after purchasing an additional 4,297 shares during the period. Raymond James & Associates increased its stake in Shift4 Payments by 9.1% in the 4th quarter. Raymond James & Associates now owns 55,811 shares of the company’s stock worth $4,149,000 after buying an additional 4,654 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in Shift4 Payments during the 4th quarter valued at about $352,000. Oak Thistle LLC purchased a new stake in Shift4 Payments in the 4th quarter valued at about $513,000. Finally, Lewis Asset Management LLC purchased a new stake in Shift4 Payments in the 4th quarter valued at about $402,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Stock Performance

NYSE FOUR traded down $2.09 during trading hours on Wednesday, reaching $66.93. The stock had a trading volume of 370,249 shares, compared to its average volume of 1,368,806. Shift4 Payments, Inc. has a 52-week low of $42.91 and a 52-week high of $92.30. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $5.86 billion, a P/E ratio of 46.35, a price-to-earnings-growth ratio of 0.87 and a beta of 1.63. The stock has a fifty day moving average of $70.20 and a 200 day moving average of $70.71.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $263.70 million for the quarter, compared to analyst estimates of $268.55 million. Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. Sell-side analysts predict that Shift4 Payments, Inc. will post 3.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FOUR has been the subject of several recent research reports. Wedbush began coverage on Shift4 Payments in a report on Friday, May 24th. They issued a “neutral” rating and a $75.00 price objective for the company. Benchmark reaffirmed a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a research report on Wednesday, July 17th. The Goldman Sachs Group increased their price objective on shares of Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Wells Fargo & Company cut their price objective on shares of Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. Finally, Mizuho lowered their target price on Shift4 Payments from $85.00 to $75.00 and set a “buy” rating for the company in a report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.22.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction on Friday, June 7th. The shares were sold at an average price of $72.06, for a total value of $72,060.00. Following the completion of the transaction, the director now owns 9,474 shares of the company’s stock, valued at $682,696.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $72.06, for a total value of $72,060.00. Following the completion of the sale, the director now owns 9,474 shares of the company’s stock, valued at approximately $682,696.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jared Isaacman bought 39,135 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $64.04 per share, for a total transaction of $2,506,205.40. Following the transaction, the chief executive officer now owns 621,962 shares of the company’s stock, valued at $39,830,446.48. The disclosure for this purchase can be found here. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments 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.