Hodges Capital Management Inc. Sells 158,599 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Hodges Capital Management Inc. cut its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 35.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 288,676 shares of the company’s stock after selling 158,599 shares during the period. Shift4 Payments comprises about 1.2% of Hodges Capital Management Inc.’s holdings, making the stock its 24th biggest position. Hodges Capital Management Inc.’s holdings in Shift4 Payments were worth $19,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Nomura Holdings Inc. grew its holdings in Shift4 Payments by 3.7% during the third quarter. Nomura Holdings Inc. now owns 8,436 shares of the company’s stock valued at $467,000 after purchasing an additional 298 shares during the period. Truist Financial Corp grew its holdings in Shift4 Payments by 2.1% during the fourth quarter. Truist Financial Corp now owns 22,836 shares of the company’s stock valued at $1,698,000 after purchasing an additional 466 shares during the period. Riggs Asset Managment Co. Inc. grew its holdings in Shift4 Payments by 2.0% during the third quarter. Riggs Asset Managment Co. Inc. now owns 28,513 shares of the company’s stock valued at $1,579,000 after purchasing an additional 551 shares during the period. First Hawaiian Bank grew its holdings in Shift4 Payments by 16.1% during the first quarter. First Hawaiian Bank now owns 6,615 shares of the company’s stock valued at $437,000 after purchasing an additional 915 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in Shift4 Payments during the fourth quarter valued at $90,000. 98.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $72.06, for a total transaction of $72,060.00. Following the completion of the transaction, the director now directly owns 9,474 shares in the company, valued at $682,696.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Shift4 Payments news, CEO Jared Isaacman bought 39,135 shares of the stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average cost of $64.04 per share, for a total transaction of $2,506,205.40. Following the completion of the acquisition, the chief executive officer now owns 621,962 shares of the company’s stock, valued at $39,830,446.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $72.06, for a total transaction of $72,060.00. Following the completion of the transaction, the director now owns 9,474 shares of the company’s stock, valued at $682,696.44. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FOUR shares. Mizuho dropped their target price on Shift4 Payments from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, May 13th. Wells Fargo & Company lowered their price objective on Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Benchmark reiterated a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a research report on Friday, May 10th. Wedbush began coverage on Shift4 Payments in a research note on Friday, May 24th. They issued a “neutral” rating and a $75.00 target price on the stock. Finally, The Goldman Sachs Group reduced their target price on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus target price of $83.67.

Shift4 Payments Stock Up 0.0 %

FOUR traded up $0.03 on Friday, hitting $73.35. The company had a trading volume of 2,069,688 shares, compared to its average volume of 1,097,980. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.70 and a quick ratio of 1.70. Shift4 Payments, Inc. has a 52-week low of $42.91 and a 52-week high of $92.30. The stock has a fifty day simple moving average of $66.68 and a 200-day simple moving average of $70.94. The firm has a market capitalization of $6.42 billion, a P/E ratio of 49.26, a P/E/G ratio of 0.94 and a beta of 1.62.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. The company had revenue of $263.70 million during the quarter, compared to analysts’ expectations of $268.55 million. As a group, equities analysts expect that Shift4 Payments, Inc. will post 3.01 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.