Bailard Inc. Sells 2,246 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Bailard Inc. lowered its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,424 shares of the company’s stock after selling 2,246 shares during the quarter. Bailard Inc.’s holdings in Shift4 Payments were worth $770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FOUR. Brown Brothers Harriman & Co. lifted its position in Shift4 Payments by 41.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after acquiring an additional 145,444 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Shift4 Payments by 26.6% in the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after purchasing an additional 7,905 shares in the last quarter. Jennison Associates LLC lifted its holdings 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 purchasing an additional 242,179 shares in the last quarter. Moody National Bank Trust Division boosted its position in shares of Shift4 Payments by 86.5% during the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock worth $1,645,000 after buying an additional 7,349 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in shares of Shift4 Payments during the fourth quarter worth about $812,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

In related news, insider Jordan Frankel sold 5,000 shares of the business’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 completion of the sale, the insider now directly owns 222,112 shares in the company, valued at $21,991,309.12. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now directly 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. 30.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. B. Riley boosted their target price on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Stephens reissued an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 19th. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Oppenheimer lowered their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Susquehanna increased their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and a consensus target price of $115.05.

Shift4 Payments Stock Down 2.6 %

FOUR stock opened at $96.18 on Tuesday. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50. The business’s 50 day simple moving average is $110.07 and its 200 day simple moving average is $99.06. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $8.67 billion, a PE ratio of 31.33, a PEG ratio of 1.04 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 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, research 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.