Groupama Asset Managment Cuts Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Groupama Asset Managment lowered its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 27.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 800,000 shares of the company’s stock after selling 300,000 shares during the period. Groupama Asset Managment owned about 0.89% of Shift4 Payments worth $83,024,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after acquiring an additional 562,774 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Shift4 Payments by 41.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock worth $127,689,000 after acquiring an additional 350,703 shares during the last quarter. Rice Hall James & Associates LLC increased its holdings in shares of Shift4 Payments by 799.9% during the fourth quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company’s stock valued at $23,977,000 after acquiring an additional 205,361 shares in the last quarter. Maestria Partners LLC bought a new position in shares of Shift4 Payments during the fourth quarter valued at $19,614,000. Finally, Principal Financial Group Inc. raised its position in shares of Shift4 Payments by 2,954.7% in the 4th quarter. Principal Financial Group Inc. now owns 158,998 shares of the company’s stock worth $16,501,000 after purchasing an additional 153,793 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Trading Down 3.4 %

Shares of FOUR opened at $81.67 on Tuesday. The company’s fifty day simple moving average is $102.69 and its 200-day simple moving average is $100.21. The company has a market cap of $7.28 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.04 and a beta of 1.76. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the sale, the chief financial officer now directly owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the transaction, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock valued at $1,097,380 in the last quarter. 30.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on FOUR shares. Raymond James upgraded shares of Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price objective for the company in a research note on Monday, March 10th. Keefe, Bruyette & Woods reduced their price target on shares of Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday. Piper Sandler reaffirmed an “overweight” rating and issued a $143.00 price objective (up from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Stephens reissued an “overweight” rating and issued a $125.00 target price on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, DA Davidson lowered their price target on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

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.