GM Advisory Group LLC Sells 145 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

GM Advisory Group LLC cut its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,860 shares of the company’s stock after selling 145 shares during the period. GM Advisory Group LLC’s holdings in Shift4 Payments were worth $401,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Heck Capital Advisors LLC bought a new position in shares of Shift4 Payments in the fourth quarter valued at $26,000. Rakuten Securities Inc. raised its position in Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Shift4 Payments in the fourth quarter valued at $28,000. UMB Bank n.a. bought a new position in shares of Shift4 Payments in the 4th quarter valued at about $29,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Shift4 Payments during the 4th quarter worth about $31,000. 98.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FOUR has been the subject of several recent analyst reports. Stephens reiterated an “overweight” rating and issued a $125.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 19th. Morgan Stanley reduced their target price on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Oppenheimer dropped their price target on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective for the company. Finally, Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and cut their target price for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $115.30.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the sale, the chief financial officer now directly owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on 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 transaction, the president now directly owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,695 shares of company stock worth $1,097,380. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $88.24 on Thursday. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The stock has a fifty day moving average price of $105.95 and a 200-day moving average price of $99.60.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. As a group, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS 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.