Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp decreased its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 36.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,873 shares of the company’s stock after selling 19,551 shares during the quarter. Alberta Investment Management Corp’s holdings in Shift4 Payments were worth $3,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its position in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares during the period. Jennison Associates LLC raised its holdings in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after buying an additional 242,179 shares during the period. Westfield Capital Management Co. LP lifted its position in Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after acquiring an additional 12,804 shares in the last quarter. Geode Capital Management LLC lifted its position in Shift4 Payments by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock worth $93,797,000 after acquiring an additional 53,610 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Shift4 Payments by 41.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after acquiring an additional 145,444 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Shift4 Payments

In related news, insider Jordan Frankel sold 5,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the sale, the insider now owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 in the last 90 days. 30.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FOUR. Keefe, Bruyette & Woods lifted their price objective on shares of Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Thursday. DA Davidson lifted their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Morgan Stanley lifted their target price on Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler reissued an “overweight” rating and issued a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.19.

Shift4 Payments Stock Down 4.7 %

Shares of NYSE:FOUR opened at $98.79 on Friday. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50. The company’s fifty day moving average is $110.87 and its two-hundred day moving average is $97.43. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 1.32 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. The firm had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

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.