Annex Advisory Services LLC Sells 1,179 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Annex Advisory Services LLC reduced its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 25.0% during the third quarter, Holdings Channel.com reports. The firm owned 3,537 shares of the company’s stock after selling 1,179 shares during the quarter. Annex Advisory Services LLC’s holdings in Shift4 Payments were worth $313,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. J.Safra Asset Management Corp raised its holdings in Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after acquiring an additional 347 shares during the period. Quarry LP bought a new stake in Shift4 Payments during the second quarter valued at about $60,000. CWM LLC raised its holdings in Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after acquiring an additional 241 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Shift4 Payments by 52,033.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company’s stock valued at $108,000 after acquiring an additional 1,561 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in Shift4 Payments during the second quarter valued at about $114,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Stock Up 3.5 %

Shares of NYSE FOUR opened at $96.40 on Monday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market cap of $8.44 billion, a P/E ratio of 64.70, a PEG ratio of 1.01 and a beta of 1.64. Shift4 Payments, Inc. has a 1 year low of $42.91 and a 1 year high of $96.45. The firm has a 50-day simple moving average of $81.70 and a two-hundred day simple moving average of $72.37.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.09. The business had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. Research analysts anticipate that Shift4 Payments, Inc. will post 3.11 earnings per share for the current year.

Insiders Place Their Bets

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FOUR shares. Wells Fargo & Company raised their price target on Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, September 20th. DA Davidson raised their price objective on Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Morgan Stanley raised their price objective on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. The Goldman Sachs Group raised their price objective on Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, William Blair initiated coverage on Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.60.

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.