IMA Wealth Inc. Sells 2,059 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

IMA Wealth Inc. reduced its position in Shift4 Payments, Inc. (NYSE:FOUR) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,155 shares of the company’s stock after selling 2,059 shares during the quarter. IMA Wealth Inc.’s holdings in Shift4 Payments were worth $2,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new position in shares of Shift4 Payments in the third quarter worth approximately $35,000. Nemes Rush Group LLC bought a new position in shares of Shift4 Payments during the third quarter worth $79,000. Covestor Ltd boosted its position in shares of Shift4 Payments by 49,166.7% during the third quarter. Covestor Ltd now owns 1,478 shares of the company’s stock worth $82,000 after acquiring an additional 1,475 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Shift4 Payments during the fourth quarter worth $90,000. Finally, HMS Capital Management LLC bought a new position in shares of Shift4 Payments during the fourth quarter worth $240,000. 98.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FOUR shares. The Goldman Sachs Group dropped their target price on shares of Shift4 Payments from $91.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Keefe, Bruyette & Woods began coverage on shares of Shift4 Payments in a research report on Tuesday, January 16th. They set an “outperform” rating and a $95.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $94.00 price objective on shares of Shift4 Payments in a research report on Wednesday, April 3rd. Piper Sandler reiterated an “overweight” rating and set a $93.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 28th. Finally, UBS Group increased their price objective on shares of Shift4 Payments from $75.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.95.

Shift4 Payments Stock Up 0.2 %

Shares of NYSE:FOUR traded up $0.13 during trading hours on Friday, hitting $59.07. The company’s stock had a trading volume of 1,038,614 shares, compared to its average volume of 1,296,035. Shift4 Payments, Inc. has a 52 week low of $42.91 and a 52 week high of $92.30. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.64 and a quick ratio of 1.63. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 41.60, a P/E/G ratio of 0.93 and a beta of 1.57. The firm’s fifty day moving average price is $71.11 and its 200 day moving average price is $67.61.

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

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the sale, the insider now owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 32.14% of the company’s stock.

Shift4 Payments 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.