Sanctuary Advisors LLC Sells 253 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Sanctuary Advisors LLC cut its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,652 shares of the company’s stock after selling 253 shares during the quarter. Sanctuary Advisors LLC’s holdings in Shift4 Payments were worth $171,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FOUR. Wasatch Advisors LP increased its holdings in Shift4 Payments by 50.8% during the 3rd 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 in the last quarter. Jennison Associates LLC increased its stake in shares of Shift4 Payments by 9.3% in the third 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 in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of Shift4 Payments by 0.9% in the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after buying an additional 12,804 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Shift4 Payments by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock valued at $93,797,000 after buying an additional 53,610 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in Shift4 Payments by 41.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after buying an additional 145,444 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FOUR has been the topic of several research reports. Oppenheimer reduced their price objective on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a research note on Tuesday. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a report on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective for the company. Finally, DA Davidson reduced their target price on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.00.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 30.57% of the company’s stock.

Shift4 Payments Price Performance

NYSE:FOUR opened at $94.48 on Thursday. The stock has a market capitalization of $8.42 billion, a PE ratio of 30.77, a P/E/G ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50. The firm has a fifty day simple moving average of $109.61 and a 200 day simple moving average of $99.11. 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 (NYSE:FOUR) last posted its earnings results 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. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. On average, research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

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.