Victory Capital Management Inc. Sells 76,023 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Victory Capital Management Inc. reduced its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 480,305 shares of the company’s stock after selling 76,023 shares during the quarter. Victory Capital Management Inc. owned about 0.58% of Shift4 Payments worth $35,706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jennison Associates LLC grew its holdings in Shift4 Payments by 25.7% during the fourth quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock valued at $218,936,000 after purchasing an additional 601,749 shares during the period. First Dallas Securities Inc. bought a new stake in shares of Shift4 Payments in the 3rd quarter valued at $9,621,000. Schonfeld Strategic Advisors LLC raised its stake in Shift4 Payments by 136.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 281,011 shares of the company’s stock worth $15,560,000 after buying an additional 162,192 shares during the period. Voss Capital LLC acquired a new stake in Shift4 Payments during the 4th quarter worth $11,151,000. Finally, Clearbridge Investments LLC lifted its holdings in Shift4 Payments by 8.0% during the third quarter. Clearbridge Investments LLC now owns 2,025,558 shares of the company’s stock worth $112,155,000 after acquiring an additional 149,783 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Price Performance

NYSE:FOUR opened at $60.03 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The firm has a fifty day simple moving average of $69.48 and a 200 day simple moving average of $68.07. Shift4 Payments, Inc. has a 1-year low of $42.91 and a 1-year high of $92.30. The stock has a market capitalization of $5.17 billion, a PE ratio of 42.27, a P/E/G ratio of 0.94 and a beta of 1.59.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FOUR. DA Davidson restated a “buy” rating and issued a $96.00 price target on shares of Shift4 Payments in a report on Wednesday, February 28th. Royal Bank of Canada restated an “outperform” rating and set a $94.00 target price on shares of Shift4 Payments in a report on Wednesday, April 3rd. Morgan Stanley upped their price target on shares of Shift4 Payments from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. Benchmark restated a “buy” rating and set a $99.00 price objective on shares of Shift4 Payments in a report on Tuesday, March 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $93.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.95.

Insider Buying and Selling at Shift4 Payments

In other news, insider David Taylor Lauber sold 15,000 shares of Shift4 Payments stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the completion of the transaction, the insider now directly owns 243,880 shares in the company, valued at approximately $19,546,982. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 32.14% 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.