Vanguard Group Inc. Has $296.71 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

Vanguard Group Inc. lowered its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,358,697 shares of the company’s stock after selling 136,713 shares during the quarter. Vanguard Group Inc. owned about 6.50% of Shift4 Payments worth $296,711,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of FOUR. Belpointe Asset Management LLC raised its position in shares of Shift4 Payments by 358.6% during the first quarter. Belpointe Asset Management LLC now owns 454 shares of the company’s stock worth $34,000 after acquiring an additional 355 shares during the last quarter. Fortis Capital Advisors LLC raised its position in shares of Shift4 Payments by 1,873.9% during the first quarter. Fortis Capital Advisors LLC now owns 454 shares of the company’s stock worth $34,000 after acquiring an additional 431 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Shift4 Payments during the second quarter worth $34,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Shift4 Payments during the third quarter worth $35,000. Finally, State of Wyoming bought a new stake in shares of Shift4 Payments during the fourth quarter worth $36,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

FOUR has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on Shift4 Payments from $76.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Royal Bank of Canada upped their price objective on Shift4 Payments from $80.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Wells Fargo & Company upped their price objective on Shift4 Payments from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Evercore ISI dropped their price objective on Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Finally, UBS Group increased their price target on Shift4 Payments from $75.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Shift4 Payments Stock Performance

FOUR opened at $65.62 on Thursday. Shift4 Payments, Inc. has a 12-month low of $42.91 and a 12-month high of $92.30. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 46.21, a PEG ratio of 0.49 and a beta of 1.61. The business has a 50 day moving average of $75.98 and a 200-day moving average of $66.33. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 2.02.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. The business had revenue of $269.30 million during the quarter, compared to analyst estimates of $278.85 million. On average, equities research analysts expect that Shift4 Payments, Inc. will post 2.86 earnings per share for the current year.

Insider Activity

In other news, insider David Taylor Lauber sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the sale, the insider now directly owns 243,880 shares of the company’s stock, valued at $19,546,982. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 32.14% of the company’s stock.

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.