Bailard Inc. Has $770,000 Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Bailard Inc. reduced its position in Shift4 Payments, Inc. (NYSE:FOUR) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,424 shares of the company’s stock after selling 2,246 shares during the quarter. Bailard Inc.’s holdings in Shift4 Payments were worth $770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP increased its stake in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after acquiring an additional 1,980,940 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of Shift4 Payments by 0.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after purchasing an additional 12,804 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Shift4 Payments by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock worth $93,797,000 after buying an additional 53,610 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Shift4 Payments by 41.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after buying an additional 145,444 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on FOUR. Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their target price for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Stephens reaffirmed an “overweight” rating and set a $125.00 price target on shares of Shift4 Payments in a report on Wednesday, February 19th. Royal Bank of Canada increased their price objective on shares of Shift4 Payments from $116.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Barclays decreased their target price on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Finally, Susquehanna increased their price target on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $115.05.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $96.18 on Tuesday. The stock has a market capitalization of $8.67 billion, a PE ratio of 31.33, a PEG ratio of 1.04 and a beta of 1.72. The business’s 50 day simple moving average is $110.07 and its 200 day simple moving average is $99.06. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50.

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

Insider Buying and Selling at Shift4 Payments

In related news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares in the company, valued at approximately $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. Insiders own 30.57% 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.