Great Lakes Advisors LLC Sells 2,198 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Great Lakes Advisors LLC lowered its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 85,466 shares of the company’s stock after selling 2,198 shares during the period. Great Lakes Advisors LLC’s holdings in Shift4 Payments were worth $8,870,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Truvestments Capital LLC grew its holdings in shares of Shift4 Payments by 5.2% during the 4th quarter. Truvestments Capital LLC now owns 3,967 shares of the company’s stock valued at $412,000 after purchasing an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Shift4 Payments by 45.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,272 shares of the company’s stock valued at $236,000 after purchasing an additional 714 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Shift4 Payments during the 4th quarter valued at $255,000. HighTower Advisors LLC grew its holdings in shares of Shift4 Payments by 25.9% during the 4th quarter. HighTower Advisors LLC now owns 6,303 shares of the company’s stock valued at $654,000 after purchasing an additional 1,295 shares during the last quarter. Finally, King Luther Capital Management Corp grew its holdings in shares of Shift4 Payments by 10.0% during the 4th quarter. King Luther Capital Management Corp now owns 51,280 shares of the company’s stock valued at $5,322,000 after purchasing an additional 4,642 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FOUR. Piper Sandler reissued an “overweight” rating and set a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Susquehanna increased their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. DA Davidson dropped their price target on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Raymond James raised shares of Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price target for the company in a research report on Monday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a research report on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.30.

Shift4 Payments Stock Up 1.7 %

Shares of Shift4 Payments stock opened at $90.36 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The company has a 50-day moving average of $108.08 and a 200 day moving average of $99.45. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.57% of the stock is owned by company insiders.

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.