Envestnet Asset Management Inc. Sells 2,900 Shares of Shift4 Payments, Inc. $FOUR

Envestnet Asset Management Inc. lessened its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,294 shares of the company’s stock after selling 2,900 shares during the period. Envestnet Asset Management Inc.’s holdings in Shift4 Payments were worth $6,868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FOUR. S.A. Mason LLC lifted its stake in shares of Shift4 Payments by 1.9% in the second quarter. S.A. Mason LLC now owns 5,377 shares of the company’s stock worth $533,000 after acquiring an additional 102 shares during the period. Prasad Wealth Partners LLC increased its position in Shift4 Payments by 1.9% during the 2nd quarter. Prasad Wealth Partners LLC now owns 5,677 shares of the company’s stock valued at $563,000 after purchasing an additional 105 shares during the period. Shaker Investments LLC OH raised its holdings in Shift4 Payments by 1.9% during the 2nd quarter. Shaker Investments LLC OH now owns 5,556 shares of the company’s stock worth $551,000 after purchasing an additional 105 shares during the last quarter. Truist Financial Corp lifted its position in shares of Shift4 Payments by 2.8% in the 2nd quarter. Truist Financial Corp now owns 4,560 shares of the company’s stock worth $452,000 after purchasing an additional 123 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in shares of Shift4 Payments by 5.6% in the 2nd quarter. Vontobel Holding Ltd. now owns 2,719 shares of the company’s stock valued at $269,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Truist Financial set a $80.00 price objective on Shift4 Payments in a research note on Friday, October 24th. Benchmark cut their target price on Shift4 Payments from $111.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday. Piper Sandler lowered their target price on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a report on Thursday, July 17th. They set a “buy” rating and a $120.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $101.43.

Shift4 Payments Trading Up 0.5%

NYSE FOUR opened at $71.30 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27. Shift4 Payments, Inc. has a 52 week low of $61.23 and a 52 week high of $127.50. The business has a 50 day moving average price of $78.31 and a 200-day moving average price of $88.29. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 33.48, a P/E/G ratio of 0.74 and a beta of 1.71.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.03). The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.19 billion. Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The business’s revenue for the quarter was up 61.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 EPS. Shift4 Payments has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In other news, CEO David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the sale, the chief executive officer directly owned 285,588 shares of the company’s stock, valued at $25,300,240.92. The trade was a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James J. Whalen sold 794 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.89, for a total transaction of $71,372.66. Following the completion of the sale, the insider owned 56,324 shares in the company, valued at $5,062,964.36. This represents a 1.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 25.15% of the stock is owned by company 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.