Great Lakes Advisors LLC Sells 36,437 Shares of Shift4 Payments, Inc. $FOUR

Great Lakes Advisors LLC lessened its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 49.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,153 shares of the company’s stock after selling 36,437 shares during the period. Great Lakes Advisors LLC’s holdings in Shift4 Payments were worth $2,876,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FOUR. Advisors Asset Management Inc. raised its stake in shares of Shift4 Payments by 100.0% during the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after acquiring an additional 217 shares in the last quarter. Truist Financial Corp raised its position in Shift4 Payments by 2.8% during the 2nd quarter. Truist Financial Corp now owns 4,560 shares of the company’s stock valued at $452,000 after purchasing an additional 123 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Shift4 Payments in the 2nd quarter worth $223,000. Belpointe Asset Management LLC bought a new position in shares of Shift4 Payments during the 2nd quarter worth $227,000. Finally, KLP Kapitalforvaltning AS increased its stake in shares of Shift4 Payments by 9.5% during the second quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the company’s stock valued at $1,259,000 after buying an additional 1,100 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Shift4 Payments from a “buy” rating to a “hold” rating and dropped their target price for the stock from $100.00 to $65.00 in a report on Thursday, January 15th. DA Davidson set a $104.00 price target on shares of Shift4 Payments in a research report on Thursday, December 18th. Wells Fargo & Company cut their price objective on shares of Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. The Goldman Sachs Group reduced their price objective on shares of Shift4 Payments from $95.00 to $83.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Royal Bank Of Canada dropped their target price on Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.25.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,438 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $71.50, for a total value of $102,817.00. Following the completion of the sale, the insider owned 54,736 shares of the company’s stock, valued at approximately $3,913,624. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy Disman sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $69.50, for a total transaction of $347,500.00. Following the transaction, the director owned 130,420 shares in the company, valued at approximately $9,064,190. This trade represents a 3.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 18,438 shares of company stock worth $1,278,317. 25.15% of the stock is owned by insiders.

Shift4 Payments Price Performance

Shares of FOUR opened at $58.89 on Friday. The company has a 50 day moving average of $65.96 and a two-hundred day moving average of $77.54. 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 twelve month low of $58.44 and a twelve month high of $127.50. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 0.51 and a beta of 1.66.

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

Shift4 Payments Company Profile

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.