J.W. Cole Advisors Inc. Has $328,000 Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

J.W. Cole Advisors Inc. cut its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 21.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,161 shares of the company’s stock after selling 885 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Shift4 Payments were worth $328,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Wasatch Advisors LP grew its holdings in shares of Shift4 Payments by 50.8% in the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after buying an additional 1,980,940 shares during the period. Jennison Associates LLC grew its stake in Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after acquiring an additional 242,179 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Shift4 Payments by 10,217.7% in the third quarter. International Assets Investment Management LLC now owns 160,543 shares of the company’s stock worth $14,224,000 after acquiring an additional 158,987 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after acquiring an additional 145,444 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Shift4 Payments by 245.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company’s stock worth $14,294,000 after purchasing an additional 114,659 shares during the period. Institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FOUR. Royal Bank of Canada lifted their price target on shares of Shift4 Payments from $116.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday. Piper Sandler restated an “overweight” rating and set a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a report on Wednesday. The Goldman Sachs Group lifted their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Susquehanna increased their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Finally, DA Davidson lifted their target price on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus price target of $114.19.

Shift4 Payments Trading Down 4.7 %

FOUR opened at $98.79 on Friday. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The firm has a market capitalization of $8.90 billion, a PE ratio of 32.18, a P/E/G ratio of 1.32 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The company’s 50-day moving average is $110.87 and its 200 day moving average is $97.43.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. The firm had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. As a group, research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the transaction, the insider now directly owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. This represents a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now owns 37,089 shares of the company’s stock, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is owned by 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.