Granahan Investment Management LLC Sells 7,274 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Granahan Investment Management LLC decreased its position in Shift4 Payments, Inc. (NYSE:FOUR) by 1.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 519,556 shares of the company’s stock after selling 7,274 shares during the period. Shift4 Payments makes up approximately 2.3% of Granahan Investment Management LLC’s holdings, making the stock its 11th biggest position. Granahan Investment Management LLC’s holdings in Shift4 Payments were worth $53,920,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after purchasing an additional 562,774 shares during the period. Cat Rock Capital Management LP acquired a new position in Shift4 Payments in the fourth quarter valued at approximately $39,222,000. Darlington Partners Capital Management LP lifted its stake in Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after buying an additional 367,500 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Shift4 Payments by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock worth $127,689,000 after buying an additional 350,703 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Shift4 Payments by 84.4% during the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company’s stock worth $54,068,000 after buying an additional 238,478 shares during the period. Institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of Shift4 Payments from $154.00 to $127.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Susquehanna increased their price objective on shares of Shift4 Payments from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, April 30th. Oppenheimer decreased their target price 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. Evercore ISI initiated coverage on Shift4 Payments in a research note on Wednesday, April 9th. They set an “in-line” rating and a $80.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research note on Monday, February 3rd. They issued a “hold” rating and a $120.00 price objective for the company. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $112.38.

Shift4 Payments Stock Performance

Shares of FOUR opened at $85.69 on Friday. The stock has a 50 day moving average of $82.83 and a 200 day moving average of $97.90. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 12 month low of $57.45 and a 12 month high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.31. The firm had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business’s revenue was up 39.7% compared to the same quarter last year. During the same period last year, the firm posted $0.54 EPS. As a group, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Buying and Selling at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Friday, March 14th. The stock was 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 owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 over the last three months. 30.57% of the stock is currently owned by insiders.

Shift4 Payments Company 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.