Edgestream Partners L.P. Sells 4,360 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Edgestream Partners L.P. decreased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 22.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,705 shares of the company’s stock after selling 4,360 shares during the quarter. Edgestream Partners L.P.’s holdings in Shift4 Payments were worth $972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Westfield Capital Management Co. LP boosted its position in Shift4 Payments by 72.8% during the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after purchasing an additional 561,707 shares in the last quarter. Forge First Asset Management Inc. bought a new stake in Shift4 Payments during the first quarter valued at about $1,242,000. Tocqueville Asset Management L.P. bought a new stake in Shift4 Payments during the first quarter valued at about $391,000. J.Safra Asset Management Corp boosted its position 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 purchasing an additional 347 shares in the last quarter. Finally, GM Advisory Group LLC bought a new stake in Shift4 Payments during the first quarter valued at about $298,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

Shares of NYSE:FOUR traded up $0.14 during trading on Tuesday, hitting $69.02. The stock had a trading volume of 137,420 shares, compared to its average volume of 1,370,371. Shift4 Payments, Inc. has a 12-month low of $42.91 and a 12-month high of $92.30. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 46.22, a price-to-earnings-growth ratio of 0.84 and a beta of 1.63. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.96. The stock has a 50-day simple moving average of $70.12 and a two-hundred day simple moving average of $70.72.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $263.70 million during the quarter, compared to analysts’ expectations of $268.55 million. Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. On average, equities research analysts expect that Shift4 Payments, Inc. will post 3.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FOUR. Benchmark reaffirmed a “buy” rating and set a $99.00 price objective on shares of Shift4 Payments in a research report on Wednesday, July 17th. Morgan Stanley dropped their price objective on Shift4 Payments from $70.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. 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. Wells Fargo & Company lowered their price target on Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Finally, Wedbush assumed coverage on Shift4 Payments in a report on Friday, May 24th. They issued a “neutral” rating and a $75.00 price target for the company. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.22.

Insider Activity at Shift4 Payments

In related news, CEO Jared Isaacman purchased 85,916 shares of Shift4 Payments stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average cost of $67.09 per share, for a total transaction of $5,764,104.44. Following the completion of the transaction, the chief executive officer now owns 582,827 shares in the company, valued at $39,101,863.43. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total transaction of $723,400.00. Following the completion of the transaction, the chief financial officer now directly owns 274,954 shares in the company, valued at $19,890,172.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jared Isaacman purchased 85,916 shares of Shift4 Payments stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average price of $67.09 per share, with a total value of $5,764,104.44. Following the completion of the transaction, the chief executive officer now owns 582,827 shares of the company’s stock, valued at approximately $39,101,863.43. The disclosure for this purchase can be found here. 30.57% of the stock is owned by company insiders.

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.