Shift4 Payments, Inc. (NYSE:FOUR) is AtonRa Partners’ 7th Largest Position

AtonRa Partners decreased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 17.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,146 shares of the company’s stock after selling 2,410 shares during the quarter. Shift4 Payments makes up 1.7% of AtonRa Partners’ holdings, making the stock its 7th largest holding. AtonRa Partners’ holdings in Shift4 Payments were worth $829,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FOUR. SG Americas Securities LLC raised its stake in Shift4 Payments by 14.8% in the third quarter. SG Americas Securities LLC now owns 16,355 shares of the company’s stock worth $906,000 after buying an additional 2,105 shares in the last quarter. Xponance Inc. raised its position in shares of Shift4 Payments by 4.2% in the 3rd quarter. Xponance Inc. now owns 7,904 shares of the company’s stock worth $438,000 after acquiring an additional 322 shares in the last quarter. Bailard Inc. lifted its stake in shares of Shift4 Payments by 20.4% during the 3rd quarter. Bailard Inc. now owns 74,482 shares of the company’s stock worth $4,124,000 after purchasing an additional 12,640 shares during the last quarter. Strs Ohio lifted its stake in shares of Shift4 Payments by 22.6% during the 3rd quarter. Strs Ohio now owns 12,703 shares of the company’s stock worth $703,000 after purchasing an additional 2,338 shares during the last quarter. Finally, Deepwater Asset Management LLC boosted its position in Shift4 Payments by 190.8% during the third quarter. Deepwater Asset Management LLC now owns 194,061 shares of the company’s stock valued at $10,745,000 after purchasing an additional 127,329 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Transactions at Shift4 Payments

In other news, insider David Taylor Lauber sold 15,000 shares of Shift4 Payments stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the completion of the transaction, the insider now directly owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 32.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. DA Davidson reiterated a “buy” rating and issued a $96.00 target price on shares of Shift4 Payments in a report on Wednesday, February 28th. UBS Group increased their target price on shares of Shift4 Payments from $75.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Royal Bank of Canada restated an “outperform” rating and issued a $94.00 target price on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Keefe, Bruyette & Woods initiated coverage on Shift4 Payments in a research report on Tuesday, January 16th. They set an “outperform” rating and a $95.00 price target on the stock. Finally, Piper Sandler reissued an “overweight” rating and issued a $93.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $84.95.

Shift4 Payments Stock Performance

Shares of FOUR stock traded up $0.67 during trading hours on Monday, hitting $59.75. The company’s stock had a trading volume of 1,618,344 shares, compared to its average volume of 1,403,829. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The company has a 50 day moving average of $71.11 and a 200 day moving average of $67.82. Shift4 Payments, Inc. has a 12-month low of $42.91 and a 12-month high of $92.30. The stock has a market cap of $5.15 billion, a PE ratio of 41.60, a price-to-earnings-growth ratio of 0.93 and a beta of 1.57.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). The business had revenue of $269.30 million during the quarter, compared to analysts’ expectations of $278.85 million. Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. On average, sell-side analysts forecast that Shift4 Payments, Inc. will post 2.84 EPS 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.