Boston Partners Sells 195,865 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Boston Partners decreased its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 16.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 990,416 shares of the company’s stock after selling 195,865 shares during the period. Boston Partners’ holdings in Shift4 Payments were worth $103,090,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Asset Management One Co. Ltd. boosted its stake in Shift4 Payments by 14.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company’s stock valued at $81,000 after buying an additional 99 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Shift4 Payments by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock valued at $419,000 after acquiring an additional 133 shares in the last quarter. Rakuten Securities Inc. boosted its position in Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after acquiring an additional 157 shares in the last quarter. Blue Trust Inc. grew its stake in Shift4 Payments by 67.3% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $44,000 after buying an additional 171 shares during the last quarter. Finally, Truvestments Capital LLC grew its stake in Shift4 Payments by 5.2% during the 4th quarter. Truvestments Capital LLC now owns 3,967 shares of the company’s stock worth $412,000 after buying an additional 196 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of research reports. Oppenheimer lowered their price target on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Barclays dropped their price target on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Piper Sandler reiterated an “overweight” rating and issued a $143.00 price objective (up from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.30.

Shift4 Payments Stock Performance

NYSE FOUR opened at $86.11 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The business’s 50-day moving average price is $106.32 and its 200 day moving average price is $99.68. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The firm has a market cap of $7.67 billion, a P/E ratio of 28.05, a P/E/G ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates 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. On average, equities research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments 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 value of $849,800.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Thursday, March 6th. The stock was 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 of the company’s stock, valued at $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock valued at $1,097,380 in the last ninety days. Corporate insiders own 30.57% of the company’s stock.

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.