Nomura Asset Management Co. Ltd. Sells 3,124,751 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Nomura Asset Management Co. Ltd. lowered its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 76.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 966,744 shares of the company’s stock after selling 3,124,751 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 1.07% of Shift4 Payments worth $100,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. raised its holdings in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after acquiring an additional 157 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments in the 4th quarter valued at $28,000. UMB Bank n.a. bought a new stake in shares of Shift4 Payments during the 4th quarter valued at $29,000. Finally, Valley National Advisers Inc. acquired a new stake in shares of Shift4 Payments during the 4th quarter worth $31,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $86.59 on Friday. 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 business’s 50 day simple moving average is $103.93 and its 200 day simple moving average is $99.82. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FOUR. Morgan Stanley cut their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 price target on the stock. Stephens reissued an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a research note 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. Finally, Wells Fargo & Company lowered their price objective on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.30.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the transaction, the president now owns 264,856 shares of the company’s stock, valued at $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,695 shares of company stock valued at $1,097,380. Corporate insiders own 30.57% of the company’s stock.

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.