Thornburg Investment Management Inc. Sells 6,858 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Thornburg Investment Management Inc. lowered its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 8.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 73,725 shares of the company’s stock after selling 6,858 shares during the period. Thornburg Investment Management Inc.’s holdings in Shift4 Payments were worth $7,651,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Heck Capital Advisors LLC bought a new position in Shift4 Payments during the fourth quarter valued at about $26,000. Rakuten Securities Inc. grew its holdings in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares in the last quarter. UMB Bank n.a. bought a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $29,000. Valley National Advisers Inc. bought a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $31,000. Finally, Morse Asset Management Inc acquired a new position in shares of Shift4 Payments in the fourth quarter valued at $36,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Up 1.9%

Shares of NYSE:FOUR opened at $90.70 on Friday. Shift4 Payments, Inc. has a 12 month low of $57.45 and a 12 month high of $127.50. The firm has a market cap of $8.04 billion, a P/E ratio of 29.54, a P/E/G ratio of 1.04 and a beta of 1.80. 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 company’s 50-day moving average price is $82.87 and its two-hundred day moving average price is $97.88.

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

Analyst Ratings Changes

Several brokerages have issued reports on FOUR. Stephens reissued an “overweight” rating and issued a $125.00 price target on shares of Shift4 Payments in a report on Wednesday, February 19th. Keefe, Bruyette & Woods lowered their target price on shares of Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating on the stock in a research note on Monday, March 31st. Susquehanna raised their price target on shares of Shift4 Payments from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, April 30th. Oppenheimer decreased their price objective on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. 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 on the stock. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $114.25.

Insider Activity

In other 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 transaction of $849,800.00. Following the completion of the sale, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. The trade was a 5.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President David Taylor Lauber sold 2,500 shares of the business’s 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 sale, the president now directly owns 264,856 shares of the company’s stock, 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. In the last ninety days, insiders sold 12,695 shares of company stock valued at $1,097,380. Company insiders own 25.15% of the company’s stock.

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.