Emerald Advisers LLC Sells 84,962 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Emerald Advisers LLC cut its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 21.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 313,845 shares of the company’s stock after selling 84,962 shares during the quarter. Shift4 Payments accounts for 1.3% of Emerald Advisers LLC’s portfolio, making the stock its 24th biggest holding. Emerald Advisers LLC owned approximately 0.35% of Shift4 Payments worth $32,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FOUR. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments in the 4th quarter valued at $26,000. Rakuten Securities Inc. lifted its stake 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 purchasing an additional 157 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Shift4 Payments during the fourth quarter valued at $28,000. UMB Bank n.a. acquired a new position in shares of Shift4 Payments during the fourth quarter valued at about $29,000. Finally, Valley National Advisers Inc. bought a new position in shares of Shift4 Payments during the fourth quarter valued at about $31,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $88.69 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The firm has a market cap of $7.90 billion, a P/E ratio of 28.89, a P/E/G ratio of 1.04 and a beta of 1.76. The business’s 50 day moving average price is $105.25 and its 200-day moving average price is $99.70.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm 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%. On average, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In related news, President David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on 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 directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Nancy Disman sold 10,000 shares of the 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 sale, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 in the last ninety days. 30.57% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. 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 report on Wednesday, March 5th. B. Riley increased their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price objective on shares of Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Royal Bank of Canada restated an “outperform” rating and issued a $154.00 price target on shares of Shift4 Payments in a report on Tuesday, March 4th. Finally, Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price target for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.30.

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.