Posted by on Oct 12th, 2021
Deutsche Bank AG trimmed its position in Shift4 Payments, Inc. (NYSE:FOUR) by 24.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 29,712 shares of the company’s stock after selling 9,519 shares during the period. Deutsche Bank AG’s holdings in Shift4 Payments were worth $2,784,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of FOUR. Alliancebernstein L.P. raised its stake in shares of Shift4 Payments by 2.9% in the 2nd quarter. Alliancebernstein L.P. now owns 2,718,272 shares of the company’s stock valued at $254,756,000 after purchasing an additional 77,207 shares during the period. BlackRock Inc. increased its position in Shift4 Payments by 53.2% during the first quarter. BlackRock Inc. now owns 2,344,456 shares of the company’s stock worth $192,268,000 after buying an additional 814,160 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Shift4 Payments by 3.9% during the first quarter. Ameriprise Financial Inc. now owns 1,849,612 shares of the company’s stock worth $151,687,000 after acquiring an additional 69,466 shares during the period. Southpoint Capital Advisors LP boosted its holdings in shares of Shift4 Payments by 7.5% during the first quarter. Southpoint Capital Advisors LP now owns 1,520,000 shares of the company’s stock worth $124,655,000 after acquiring an additional 106,574 shares during the period. Finally, Waddell & Reed Financial Inc. boosted its stake in shares of Shift4 Payments by 41.2% in the first quarter. Waddell & Reed Financial Inc. now owns 1,425,484 shares of the company’s stock valued at $116,904,000 after buying an additional 416,278 shares during the period. Institutional investors and hedge funds own 56.37% of the company’s stock.
Shares of NYSE:FOUR opened at $68.10 on Tuesday. The company has a fifty day moving average of $82.51 and a 200-day moving average of $89.34. The company has a market capitalization of $5.65 billion, a PE ratio of -70.21 and a beta of 2.35. The company has a debt-to-equity ratio of 2.50, a quick ratio of 5.42 and a current ratio of 5.43. Shift4 Payments, Inc. has a 52-week low of $47.05 and a 52-week high of $104.11.
Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Thursday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. The company had revenue of $351.00 million during the quarter, compared to the consensus estimate of $313.76 million. Shift4 Payments had a negative net margin of 4.63% and a negative return on equity of 6.30%. The company’s revenue for the quarter was up 147.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) earnings per share. On average, equities analysts forecast that Shift4 Payments, Inc. will post 0.23 EPS for the current fiscal year.
Several brokerages recently issued reports on FOUR. Royal Bank of Canada boosted their price target on Shift4 Payments from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. Credit Suisse Group boosted their price target on Shift4 Payments from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. Finally, Zacks Investment Research downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 15th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $90.30.
In related news, CFO Bradley Herring sold 2,000 shares of the stock in a transaction on Monday, August 9th. The stock was sold at an average price of $89.30, for a total value of $178,600.00. Following the completion of the sale, the chief financial officer now directly owns 28,849 shares in the company, valued at $2,576,215.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction on Thursday, July 15th. The shares were sold at an average price of $91.94, for a total value of $459,700.00. The disclosure for this sale can be found here. Insiders have sold 4,257,000 shares of company stock valued at $356,575,800 over the last quarter. Company insiders own 12.20% of the company’s stock.
Shift4 Payments 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.
See Also: How are the companies in the S&P 500 selected?
Want to see what other hedge funds are holding FOUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shift4 Payments, Inc. (NYSE:FOUR).
Receive News & Ratings for Shift4 Payments Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Shift4 Payments and related companies with MarketBeat.com’s FREE daily email newsletter.
ADTRAN, Inc. (NASDAQ:ADTN) Shares Sold by BlackRock Inc.