Nordea Investment Management AB Has $7.06 Million Holdings in Shift4 Payments, Inc. $FOUR

Nordea Investment Management AB raised its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 56.4% in the third quarter, Holdings Channel.com reports. The firm owned 92,832 shares of the company’s stock after buying an additional 33,472 shares during the period. Nordea Investment Management AB’s holdings in Shift4 Payments were worth $7,057,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allworth Financial LP boosted its position in shares of Shift4 Payments by 410.9% during the second quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after buying an additional 226 shares during the last quarter. Advisors Asset Management Inc. raised its position in Shift4 Payments by 100.0% in the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after buying an additional 217 shares during the last quarter. Blue Trust Inc. lifted its stake in Shift4 Payments by 5,423.1% during the 3rd quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $56,000 after acquiring an additional 705 shares in the last quarter. UMB Bank n.a. boosted its holdings in Shift4 Payments by 33.5% during the 2nd quarter. UMB Bank n.a. now owns 713 shares of the company’s stock worth $71,000 after acquiring an additional 179 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Shift4 Payments by 441.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,159 shares of the company’s stock worth $90,000 after acquiring an additional 945 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Shift4 Payments

In related news, Director Nancy Disman sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $69.50, for a total value of $347,500.00. Following the completion of the transaction, the director directly owned 130,420 shares of the company’s stock, valued at approximately $9,064,190. This trade represents a 3.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Whalen sold 1,438 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.50, for a total transaction of $102,817.00. Following the sale, the insider directly owned 54,736 shares in the company, valued at $3,913,624. The trade was a 2.56% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 18,438 shares of company stock worth $1,278,317. 25.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FOUR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating and dropped their price target for the company from $100.00 to $65.00 in a research report on Thursday. Susquehanna dropped their target price on shares of Shift4 Payments from $115.00 to $101.00 and set a “positive” rating on the stock in a research report on Thursday, January 8th. Keefe, Bruyette & Woods cut their target price on Shift4 Payments from $84.00 to $72.00 and set a “market perform” rating on the stock in a research note on Friday, January 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shift4 Payments in a report on Monday, December 29th. Finally, Benchmark reiterated a “buy” rating on shares of Shift4 Payments in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.40.

Shift4 Payments Stock Down 2.2%

Shares of NYSE FOUR opened at $64.43 on Friday. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $5.71 billion, a PE ratio of 30.25, a P/E/G ratio of 0.56 and a beta of 1.66. Shift4 Payments, Inc. has a one year low of $61.23 and a one year high of $127.50. The business’s fifty day moving average price is $67.26 and its 200-day moving average price is $80.43.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.19 billion. Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The company’s revenue was up 61.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. On average, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Shift4 Payments Company Profile

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.