Amalgamated Bank Has $2.62 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

Amalgamated Bank cut its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 3.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,037 shares of the company’s stock after selling 1,102 shares during the quarter. Amalgamated Bank’s holdings in Shift4 Payments were worth $2,618,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FOUR. Proficio Capital Partners LLC acquired a new stake in Shift4 Payments during the 4th quarter worth $37,000. Jones Financial Companies Lllp increased its holdings in shares of Shift4 Payments by 77.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,291 shares of the company’s stock worth $134,000 after acquiring an additional 565 shares in the last quarter. State of Michigan Retirement System bought a new stake in shares of Shift4 Payments in the fourth quarter worth about $1,692,000. Charles Schwab Investment Management Inc. raised its position in shares of Shift4 Payments by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 459,623 shares of the company’s stock worth $47,700,000 after purchasing an additional 31,927 shares during the period. Finally, Atria Investments Inc lifted its holdings in shares of Shift4 Payments by 18.4% during the 4th quarter. Atria Investments Inc now owns 5,140 shares of the company’s stock valued at $533,000 after purchasing an additional 800 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

NYSE FOUR opened at $101.89 on Friday. The firm has a market capitalization of $9.03 billion, a P/E ratio of 34.42, a price-to-earnings-growth ratio of 0.73 and a beta of 1.80. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.12. The firm’s fifty day moving average price is $91.52 and its two-hundred day moving average price is $95.75. Shift4 Payments, Inc. has a 1 year low of $57.45 and a 1 year high of $127.50.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The company had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same period in the previous year, the business earned $0.54 EPS. Shift4 Payments’s revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, research analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Evercore ISI assumed coverage on Shift4 Payments in a research note on Wednesday, April 9th. They set an “in-line” rating and a $80.00 target price for the company. UBS Group lowered their price objective on shares of Shift4 Payments from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Raymond James Financial cut their price objective on shares of Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 4th. Benchmark upgraded Shift4 Payments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 30th. Finally, BTIG Research dropped their price target on Shift4 Payments from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average target price of $115.35.

Insider Transactions at Shift4 Payments

In related news, Director Karen Roter Davis sold 2,757 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $260,619.21. Following the sale, the director owned 6,592 shares in the company, valued at approximately $623,141.76. This represents a 29.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $90.33, for a total value of $903,300.00. Following the sale, the chief financial officer directly owned 167,622 shares of the company’s stock, valued at $15,141,295.26. This represents a 5.63% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is owned by company insiders.

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.