Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Bailard Inc.

Bailard Inc. cut its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 18.8% during the 4th quarter, HoldingsChannel reports. The firm owned 60,482 shares of the company’s stock after selling 14,000 shares during the quarter. Bailard Inc.’s holdings in Shift4 Payments were worth $4,496,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. purchased a new stake in shares of Shift4 Payments during the third quarter worth about $35,000. Nemes Rush Group LLC purchased a new stake in Shift4 Payments in the 3rd quarter worth approximately $79,000. Covestor Ltd increased its stake in shares of Shift4 Payments by 49,166.7% during the 3rd quarter. Covestor Ltd now owns 1,478 shares of the company’s stock worth $82,000 after purchasing an additional 1,475 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Shift4 Payments in the 4th quarter worth $90,000. Finally, HMS Capital Management LLC bought a new position in Shift4 Payments during the 4th quarter valued at about $240,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total value of $1,202,250.00. Following the transaction, the insider now directly owns 243,880 shares in the company, valued at $19,546,982. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 32.14% of the company’s stock.

Shift4 Payments Stock Down 2.8 %

Shares of FOUR stock traded down $1.70 during trading on Thursday, reaching $59.29. The company’s stock had a trading volume of 1,546,647 shares, compared to its average volume of 1,400,794. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 2.02. The business has a fifty day moving average price of $71.84 and a 200-day moving average price of $67.63. Shift4 Payments, Inc. has a one year low of $42.91 and a one year high of $92.30. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 42.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.57.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. The firm had revenue of $269.30 million for the quarter, compared to the consensus estimate of $278.85 million. Analysts anticipate that Shift4 Payments, Inc. will post 2.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FOUR shares. Evercore ISI cut their price target on shares of Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Piper Sandler restated an “overweight” rating and issued a $93.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 28th. Wells Fargo & Company raised their price objective on shares of Shift4 Payments from $60.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Morgan Stanley raised their price objective on shares of Shift4 Payments from $60.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 28th. Finally, Redburn Atlantic upgraded shares of Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price objective for the company in a research report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $84.95.

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.