Gateway Investment Advisers LLC Sells 37,081 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Gateway Investment Advisers LLC reduced its position in Shift4 Payments, Inc. (NYSE:FOUR) by 70.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,713 shares of the company’s stock after selling 37,081 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Shift4 Payments were worth $1,284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FOUR. Blue Trust Inc. raised its stake in Shift4 Payments by 67.3% during the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $44,000 after acquiring an additional 171 shares in the last quarter. Retirement Systems of Alabama acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at $8,665,000. Yousif Capital Management LLC acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at $2,483,000. State of Alaska Department of Revenue acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at $812,000. Finally, Entropy Technologies LP acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at $2,133,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Stock Up 0.2%

Shares of NYSE:FOUR opened at $94.41 on Monday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The firm has a market capitalization of $8.37 billion, a P/E ratio of 30.75, a P/E/G ratio of 1.04 and a beta of 1.82. The stock has a 50 day moving average price of $84.51 and a 200-day moving average price of $97.19. Shift4 Payments, Inc. has a 52-week low of $57.45 and a 52-week high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its 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. The business had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company’s revenue was up 39.7% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. As a group, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays lowered their price objective on Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Morgan Stanley lowered their price objective on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Susquehanna lifted their price objective on Shift4 Payments from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, April 30th. Wall Street Zen lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Evercore ISI assumed coverage on Shift4 Payments in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $80.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $115.35.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the sale, the chief financial officer now directly owns 177,622 shares of the company’s stock, valued at $15,094,317.56. The trade was a 5.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 25.15% of the company’s stock.

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.