Parkside Financial Bank & Trust Decreases Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Parkside Financial Bank & Trust trimmed its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 48.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 581 shares of the company’s stock after selling 536 shares during the period. Parkside Financial Bank & Trust’s holdings in Shift4 Payments were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments in the fourth quarter worth $26,000. Transcendent Capital Group LLC acquired a new position in Shift4 Payments in the 3rd quarter valued at about $27,000. Central Pacific Bank Trust Division purchased a new position in Shift4 Payments in the 4th quarter valued at about $28,000. UMB Bank n.a. acquired a new stake in shares of Shift4 Payments during the 4th quarter worth about $29,000. Finally, Valley National Advisers Inc. purchased a new stake in shares of Shift4 Payments during the fourth quarter worth about $31,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Shift4 Payments Stock Down 2.6 %

Shares of Shift4 Payments stock opened at $96.18 on Tuesday. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $127.50. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The company has a fifty day moving average price of $110.07 and a 200 day moving average price of $99.06.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share 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%. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FOUR. DA Davidson reduced their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Wells Fargo & Company increased their price target on Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price objective on Shift4 Payments from $116.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods increased their target price on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a report on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $115.05.

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.