Artemis Investment Management LLP Sells 179,297 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Artemis Investment Management LLP lowered its position in Shift4 Payments, Inc. (NYSE:FOUR) by 46.0% during the 1st quarter, HoldingsChannel reports. The firm owned 210,561 shares of the company’s stock after selling 179,297 shares during the period. Artemis Investment Management LLP’s holdings in Shift4 Payments were worth $17,205,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FOUR. Heck Capital Advisors LLC purchased a new stake in shares of Shift4 Payments in the 4th quarter valued at about $26,000. Rakuten Securities Inc. increased its position in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares during the last quarter. Elequin Capital LP raised its stake in Shift4 Payments by 62.3% in the fourth quarter. Elequin Capital LP now owns 297 shares of the company’s stock valued at $31,000 after purchasing an additional 114 shares in the last quarter. Morse Asset Management Inc bought a new stake in Shift4 Payments during the fourth quarter valued at approximately $36,000. Finally, Smithfield Trust Co bought a new stake in Shift4 Payments during the fourth quarter valued at approximately $40,000. Institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Susquehanna raised their price target on Shift4 Payments from $100.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, April 30th. Piper Sandler cut their price objective on Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Benchmark raised Shift4 Payments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 30th. Finally, Wall Street Zen lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.35.

Shift4 Payments Stock Up 1.8%

NYSE FOUR opened at $98.20 on Friday. Shift4 Payments, Inc. has a 1 year low of $57.45 and a 1 year high of $127.50. The stock has a market capitalization of $8.70 billion, a PE ratio of 33.18, a PEG ratio of 0.68 and a beta of 1.82. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.36 and a quick ratio of 1.36. The business’s 50-day moving average is $88.96 and its 200 day moving average is $95.86.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.31. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. The firm had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same period last year, the company earned $0.54 EPS. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. Sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the transaction, the director now owns 7,474 shares in the company, valued at approximately $706,517.22. This represents a 11.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $90.33, for a total value of $903,300.00. Following the completion of the transaction, the chief financial officer now directly owns 167,622 shares of the company’s stock, valued at $15,141,295.26. This represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,757 shares of company stock worth $1,258,449 over the last quarter. Corporate insiders own 25.15% of the company’s stock.

About Shift4 Payments

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.