Shift4 Payments, Inc. (NYSE:FOUR) Stock Holdings Trimmed by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lowered its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 48.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 581 shares of the company’s stock after selling 536 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Shift4 Payments were worth $60,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Wasatch Advisors LP lifted its holdings in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after acquiring an additional 1,980,940 shares during the last quarter. Jennison Associates LLC raised its position in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after purchasing an additional 242,179 shares during the period. Westfield Capital Management Co. LP raised its position in shares of Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after purchasing an additional 12,804 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Shift4 Payments by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock worth $93,797,000 after purchasing an additional 53,610 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted 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 valued at $43,666,000 after purchasing an additional 145,444 shares during the period. Institutional investors own 98.87% of the company’s stock.

Insiders Place Their Bets

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Analyst Upgrades and Downgrades

FOUR has been the topic of a number of recent research reports. Stephens reiterated an “overweight” rating and issued a $125.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 19th. DA Davidson cut their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Wells Fargo & Company boosted their target price on shares of Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Oppenheimer decreased their price target on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 target price on the stock. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $115.05.

Shift4 Payments Stock Performance

FOUR opened at $96.18 on Tuesday. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The firm has a market cap of $8.67 billion, a PE ratio of 31.33, a P/E/G ratio of 1.04 and a beta of 1.72. The business has a fifty day simple moving average of $110.07 and a 200-day simple moving average of $99.06. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. As a group, equities analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal 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.