Allspring Global Investments Holdings LLC Sells 8,232 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Allspring Global Investments Holdings LLC lowered its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,519 shares of the company’s stock after selling 8,232 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.16% of Shift4 Payments worth $12,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in shares of Shift4 Payments by 253.0% during the first quarter. SG Americas Securities LLC now owns 11,705 shares of the company’s stock valued at $956,000 after buying an additional 8,389 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Shift4 Payments by 4.1% during the first quarter. Fifth Third Bancorp now owns 4,646 shares of the company’s stock worth $380,000 after purchasing an additional 181 shares during the period. Cerity Partners LLC grew its stake in shares of Shift4 Payments by 35.7% in the 4th quarter. Cerity Partners LLC now owns 4,629 shares of the company’s stock valued at $480,000 after buying an additional 1,218 shares during the period. Spire Wealth Management grew its stake in shares of Shift4 Payments by 24.0% in the first quarter. Spire Wealth Management now owns 1,012 shares of the company’s stock worth $83,000 after acquiring an additional 196 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in Shift4 Payments by 54.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company’s stock valued at $98,000 after acquiring an additional 424 shares during the period. Institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on FOUR. Raymond James Financial lowered their price objective on Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 4th. BTIG Research decreased their price target on shares of Shift4 Payments from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Benchmark raised shares of Shift4 Payments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 30th. Truist Financial initiated coverage on shares of Shift4 Payments in a research report on Monday, June 2nd. They set a “hold” rating and a $97.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on shares of Shift4 Payments from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.35.

Insiders Place Their Bets

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $94,530.00. Following the completion of the sale, the director owned 7,474 shares of the company’s stock, valued at $706,517.22. This represents a 11.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Monday, June 16th. The stock was sold at an average price of $90.33, for a total value of $903,300.00. Following the completion of the sale, the chief financial officer directly owned 167,622 shares of the company’s stock, valued at $15,141,295.26. The trade was a 5.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,757 shares of company stock valued at $1,258,449 over the last three months. Company insiders own 25.15% of the company’s stock.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $101.89 on Friday. The firm’s 50 day moving average price is $91.08 and its 200-day moving average price is $95.78. The firm has a market cap of $9.03 billion, a P/E ratio of 34.42, a P/E/G ratio of 0.70 and a beta of 1.80. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.36 and a current ratio of 1.36. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.31. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. The firm had revenue of $368.50 million for the quarter, compared to analysts’ expectations of $886.09 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, equities research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

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.