Groupama Asset Managment Cuts Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Groupama Asset Managment cut its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 27.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 800,000 shares of the company’s stock after selling 300,000 shares during the quarter. Groupama Asset Managment’s holdings in Shift4 Payments were worth $83,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new position in Shift4 Payments in the fourth quarter valued at about $26,000. Rakuten Securities Inc. grew its stake in Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after buying an additional 157 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments during the 4th quarter valued at about $28,000. UMB Bank n.a. purchased a new stake in Shift4 Payments in the fourth quarter valued at about $29,000. Finally, Valley National Advisers Inc. purchased a new stake in shares of Shift4 Payments during the fourth quarter worth about $31,000. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $81.67 on Tuesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The firm has a fifty day moving average of $102.69 and a 200 day moving average of $100.21. The firm has a market cap of $7.28 billion, a PE ratio of 26.60, a PEG ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $154.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 4th. 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. Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a research report on Monday, February 3rd. They issued a “hold” rating and a $120.00 target price on the stock. Oppenheimer dropped their price target on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Keefe, Bruyette & Woods reduced their price objective on Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating for the company in a research note on Monday. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.80.

Insiders Place Their Bets

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction 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 transaction, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,695 shares of company stock worth $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.