IMA Wealth Inc. Lowers Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

IMA Wealth Inc. decreased its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 7.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,155 shares of the company’s stock after selling 2,059 shares during the quarter. IMA Wealth Inc.’s holdings in Shift4 Payments were worth $2,019,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FOUR. Principal Financial Group Inc. increased its position in Shift4 Payments by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 6,726 shares of the company’s stock worth $372,000 after purchasing an additional 233 shares in the last quarter. Nomura Holdings Inc. increased its position in Shift4 Payments by 3.7% during the 3rd quarter. Nomura Holdings Inc. now owns 8,436 shares of the company’s stock worth $467,000 after purchasing an additional 298 shares in the last quarter. Xponance Inc. increased its position in Shift4 Payments by 4.2% during the 3rd quarter. Xponance Inc. now owns 7,904 shares of the company’s stock worth $438,000 after purchasing an additional 322 shares in the last quarter. Truist Financial Corp increased its position in Shift4 Payments by 2.1% during the 4th quarter. Truist Financial Corp now owns 22,836 shares of the company’s stock worth $1,698,000 after purchasing an additional 466 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its position in Shift4 Payments by 2.0% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 28,513 shares of the company’s stock worth $1,579,000 after purchasing an additional 551 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

FOUR traded up $0.13 during trading hours on Friday, hitting $59.07. 1,038,614 shares of the stock were exchanged, compared to its average volume of 1,296,035. The stock has a 50-day simple moving average of $71.11 and a 200-day simple moving average of $67.61. Shift4 Payments, Inc. has a 12 month low of $42.91 and a 12 month high of $92.30. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 41.60, a price-to-earnings-growth ratio of 0.93 and a beta of 1.57. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.64 and a quick ratio of 1.63.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. The firm had revenue of $269.30 million for the quarter, compared to the consensus estimate of $278.85 million. Analysts anticipate that Shift4 Payments, Inc. will post 2.84 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Shift4 Payments in a research report on Tuesday, January 16th. They issued an “outperform” rating and a $95.00 price objective for the company. UBS Group increased their price objective on shares of Shift4 Payments from $75.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $94.00 price objective on shares of Shift4 Payments in a research report on Wednesday, April 3rd. Benchmark reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a research report on Tuesday, March 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $93.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $84.95.

Insider Buying and Selling

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total value of $1,202,250.00. Following the sale, the insider now directly owns 243,880 shares in the company, valued at $19,546,982. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 32.14% of the stock is currently owned by company insiders.

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.