Allspring Global Investments Holdings LLC Sells 30,049 Shares of Shift4 Payments, Inc. $FOUR

Allspring Global Investments Holdings LLC cut its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 20.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,470 shares of the company’s stock after selling 30,049 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Shift4 Payments were worth $11,377,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Durable Capital Partners LP grew its position in Shift4 Payments by 15.4% in the first quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company’s stock valued at $483,706,000 after acquiring an additional 788,952 shares during the period. Ameriprise Financial Inc. grew its position in Shift4 Payments by 13.0% in the first quarter. Ameriprise Financial Inc. now owns 1,253,401 shares of the company’s stock valued at $102,420,000 after acquiring an additional 144,111 shares during the period. Perpetual Ltd bought a new stake in Shift4 Payments in the first quarter valued at $56,863,000. Senator Investment Group LP grew its position in Shift4 Payments by 32.4% in the first quarter. Senator Investment Group LP now owns 678,334 shares of the company’s stock valued at $55,427,000 after acquiring an additional 165,973 shares during the period. Finally, Baird Financial Group Inc. grew its position in Shift4 Payments by 64.7% in the first quarter. Baird Financial Group Inc. now owns 580,814 shares of the company’s stock valued at $47,458,000 after acquiring an additional 228,079 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $74.05 on Friday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53. The firm has a market cap of $6.55 billion, a P/E ratio of 27.43, a P/E/G ratio of 0.74 and a beta of 1.69. The business’s fifty day moving average is $84.45 and its two-hundred day moving average is $88.86. Shift4 Payments, Inc. has a 52 week low of $68.09 and a 52 week high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). The business had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.Shift4 Payments’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Jared Isaacman purchased 104,705 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were acquired at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the completion of the purchase, the chairman directly owned 939,715 shares of the company’s stock, valued at $78,569,571.15. The trade was a 12.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total value of $221,475.00. Following the transaction, the chief executive officer directly owned 285,588 shares in the company, valued at $25,300,240.92. This trade represents a 0.87% decrease in their position. The disclosure for this sale can be found here. 25.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on FOUR. Keefe, Bruyette & Woods lowered their price target on Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Piper Sandler lowered their price target on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th. Truist Financial upped their price target on Shift4 Payments from $97.00 to $109.00 and gave the company a “hold” rating in a research report on Thursday, July 17th. Raymond James Financial lowered their price target on Shift4 Payments from $126.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 10th. Finally, BTIG Research reissued a “buy” rating on shares of Shift4 Payments in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $111.50.

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.