Mirae Asset Global Investments Co. Ltd. Trims Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 24.4% during the fourth quarter, Holdings Channel reports. The fund owned 62,093 shares of the company’s stock after selling 19,991 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Shift4 Payments were worth $4,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Belpointe Asset Management LLC grew its holdings in shares of Shift4 Payments by 358.6% during the 1st quarter. Belpointe Asset Management LLC now owns 454 shares of the company’s stock worth $34,000 after acquiring an additional 355 shares during the period. Fortis Capital Advisors LLC grew its holdings in shares of Shift4 Payments by 1,873.9% during the 1st quarter. Fortis Capital Advisors LLC now owns 454 shares of the company’s stock worth $34,000 after acquiring an additional 431 shares during the period. Quarry LP purchased a new position in shares of Shift4 Payments during the 1st quarter worth approximately $40,000. State of Wyoming purchased a new position in shares of Shift4 Payments during the 4th quarter worth approximately $36,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Shift4 Payments during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Price Performance

Shares of FOUR opened at $61.90 on Tuesday. The firm has a market cap of $5.34 billion, a PE ratio of 43.59, a P/E/G ratio of 1.01 and a beta of 1.57. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The firm has a fifty day simple moving average of $73.92 and a two-hundred day simple moving average of $67.36. Shift4 Payments, Inc. has a 1-year low of $42.91 and a 1-year high of $92.30.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The company had revenue of $269.30 million for the quarter, compared to analysts’ expectations of $278.85 million. Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. On average, equities analysts anticipate that Shift4 Payments, Inc. will post 2.86 EPS for the current year.

Analysts Set New Price Targets

FOUR has been the topic of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $94.00 price target on shares of Shift4 Payments in a research report on Wednesday, April 3rd. The Goldman Sachs Group dropped their price target on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday. Mizuho reissued a “buy” rating and issued a $85.00 price target on shares of Shift4 Payments in a research report on Wednesday, March 27th. Keefe, Bruyette & Woods initiated coverage on Shift4 Payments in a research report on Tuesday, January 16th. They issued an “outperform” rating and a $95.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on Shift4 Payments from $60.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.52.

Insider Buying and Selling at Shift4 Payments

In other news, insider David Taylor Lauber sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the sale, the insider now directly owns 243,880 shares in the company, valued at approximately $19,546,982. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 32.14% of the company’s stock.

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.