Great Lakes Advisors LLC Cuts Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Great Lakes Advisors LLC trimmed its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,466 shares of the company’s stock after selling 2,198 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.09% of Shift4 Payments worth $8,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Shift4 Payments in the fourth quarter valued at about $26,000. Central Pacific Bank Trust Division purchased a new position in Shift4 Payments in the fourth quarter valued at about $28,000. UMB Bank n.a. purchased a new position in Shift4 Payments in the fourth quarter valued at about $29,000. Valley National Advisers Inc. purchased a new position in Shift4 Payments in the fourth quarter valued at about $31,000. Finally, Proficio Capital Partners LLC purchased a new position in Shift4 Payments in the fourth quarter valued at about $37,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on FOUR. 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. B. Riley upped their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley dropped their price target on shares of 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. Deutsche Bank Aktiengesellschaft began coverage on shares of 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, Wells Fargo & Company dropped their price target on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.30.

Insider Transactions at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the transaction, the president now owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $90.36 on Thursday. The firm’s 50 day simple moving average is $108.08 and its 200 day simple moving average is $99.45. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $8.05 billion, a PE ratio of 29.43, a price-to-earnings-growth 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 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million for 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, analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

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.