Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Shift4 Payments, Inc. (NYSE:FOURFree Report) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,739 shares of the company’s stock after acquiring an additional 9,646 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Shift4 Payments worth $4,950,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in FOUR. Wasatch Advisors LP boosted its position in shares of Shift4 Payments by 34.3% during the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after acquiring an additional 881,216 shares in the last quarter. Kodai Capital Management LP acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at about $59,520,000. Jennison Associates LLC boosted its position in shares of Shift4 Payments by 25.7% in the 4th quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock valued at $218,936,000 after purchasing an additional 601,749 shares during the period. Foxhaven Asset Management LP acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at about $38,879,000. Finally, Norges Bank acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at about $26,935,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FOUR shares. Redburn Atlantic raised Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 target price for the company in a research report on Friday, April 19th. The Goldman Sachs Group decreased their target price on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Wedbush started coverage on Shift4 Payments in a research report on Friday, May 24th. They issued a “neutral” rating and a $75.00 target price for the company. Benchmark reissued a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research report on Friday, May 10th. Finally, Wells Fargo & Company decreased their target price on Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.67.

Check Out Our Latest Analysis on FOUR

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $67.42 on Thursday. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 45.25, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. The stock has a 50 day simple moving average of $68.72 and a 200-day simple moving average of $70.94. Shift4 Payments, Inc. has a 12-month low of $42.91 and a 12-month high of $92.30. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.96.

Shift4 Payments (NYSE:FOURGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $263.70 million for the quarter, compared to analysts’ expectations of $268.55 million. Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. On average, equities analysts forecast that Shift4 Payments, Inc. will post 3.01 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jared Isaacman bought 85,916 shares of the stock in a transaction on Tuesday, May 14th. The shares were bought at an average price of $67.09 per share, with a total value of $5,764,104.44. Following the completion of the acquisition, the chief executive officer now owns 582,827 shares of the company’s stock, valued at $39,101,863.43. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total transaction of $723,400.00. Following the completion of the transaction, the chief financial officer now owns 274,954 shares of the company’s stock, valued at approximately $19,890,172.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jared Isaacman purchased 85,916 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average cost of $67.09 per share, with a total value of $5,764,104.44. Following the purchase, the chief executive officer now directly owns 582,827 shares in the company, valued at $39,101,863.43. The disclosure for this purchase can be found here. 30.57% of the stock is currently owned by insiders.

About Shift4 Payments

(Free Report)

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.

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Institutional Ownership by Quarter for Shift4 Payments (NYSE:FOUR)

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