Pier Capital LLC Sells 23,709 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Pier Capital LLC reduced its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 21.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,751 shares of the company’s stock after selling 23,709 shares during the quarter. Pier Capital LLC’s holdings in Shift4 Payments were worth $8,795,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Swiss National Bank boosted its stake in Shift4 Payments by 1.5% in the third quarter. Swiss National Bank now owns 109,000 shares of the company’s stock worth $9,657,000 after purchasing an additional 1,600 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Shift4 Payments by 13.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 427,696 shares of the company’s stock valued at $37,894,000 after buying an additional 50,664 shares during the last quarter. Penserra Capital Management LLC lifted its position in Shift4 Payments by 0.9% during the 3rd quarter. Penserra Capital Management LLC now owns 118,615 shares of the company’s stock worth $10,508,000 after buying an additional 1,063 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in Shift4 Payments by 41.9% during the 3rd 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 during the last quarter. Finally, Truvestments Capital LLC increased its position in Shift4 Payments by 11.6% in the 3rd quarter. Truvestments Capital LLC now owns 3,771 shares of the company’s stock valued at $334,000 after acquiring an additional 393 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is owned by corporate insiders.

Shift4 Payments Price Performance

FOUR opened at $88.19 on Tuesday. The stock has a market cap of $7.86 billion, a P/E ratio of 28.73, a P/E/G ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The company has a fifty day simple moving average of $104.97 and a 200 day simple moving average of $99.93.

Shift4 Payments (NYSE:FOUR) last announced its quarterly 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. The company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. On average, research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analyst Ratings Changes

FOUR has been the topic of a number of research reports. Stephens reiterated an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 19th. B. Riley upped their price objective on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley lowered their target price on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Wells Fargo & Company cut their price target on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $154.00 price target on shares of Shift4 Payments in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.30.

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.