Shift4 Payments, Inc. $FOUR Shares Sold by Strs Ohio

Strs Ohio lowered its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 85.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,561 shares of the company’s stock after selling 9,385 shares during the period. Strs Ohio’s holdings in Shift4 Payments were worth $121,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FOUR. Allworth Financial LP increased its holdings in Shift4 Payments by 410.9% in the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 226 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after buying an additional 217 shares during the period. Blue Trust Inc. grew its stake in shares of Shift4 Payments by 5,423.1% in the third quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $56,000 after buying an additional 705 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Shift4 Payments by 47.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,076 shares of the company’s stock valued at $107,000 after buying an additional 348 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Shift4 Payments by 441.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,159 shares of the company’s stock worth $90,000 after acquiring an additional 945 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insiders Place Their Bets

In other Shift4 Payments news, Director Nancy Disman sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $69.50, for a total value of $347,500.00. Following the completion of the transaction, the director directly owned 130,420 shares in the company, valued at $9,064,190. The trade was a 3.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James J. Whalen sold 1,438 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $71.50, for a total value of $102,817.00. Following the sale, the insider owned 54,736 shares in the company, valued at $3,913,624. The trade was a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,438 shares of company stock valued at $1,278,317 over the last quarter. Insiders own 25.15% of the company’s stock.

Analyst Upgrades and Downgrades

FOUR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating and lowered their price objective for the company from $100.00 to $65.00 in a research report on Thursday, January 15th. Mizuho lowered their price target on shares of Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating for the company in a report on Monday, December 22nd. Wells Fargo & Company dropped their price target on shares of Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. UBS Group decreased their price objective on shares of Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Keefe, Bruyette & Woods dropped their target price on Shift4 Payments from $84.00 to $72.00 and set a “market perform” rating on the stock in a research report on Friday, January 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus price target of $92.25.

Shift4 Payments Stock Performance

Shares of FOUR opened at $58.23 on Thursday. The stock has a market capitalization of $5.16 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 0.46 and a beta of 1.63. The business’s fifty day moving average price is $65.18 and its 200 day moving average price is $76.52. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.38 and a quick ratio of 1.38. Shift4 Payments, Inc. has a 12-month low of $52.65 and a 12-month high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the business posted $1.04 earnings per share. The company’s quarterly revenue was up 61.4% compared to the same quarter last year. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

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.