Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 4.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 10,653 shares of the company’s stock after purchasing an additional 472 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Shift4 Payments were worth $870,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of FOUR. SG Americas Securities LLC lifted its stake in shares of Shift4 Payments by 253.0% in the 1st quarter. SG Americas Securities LLC now owns 11,705 shares of the company’s stock worth $956,000 after acquiring an additional 8,389 shares during the period. Fifth Third Bancorp raised its holdings in Shift4 Payments by 4.1% during the first quarter. Fifth Third Bancorp now owns 4,646 shares of the company’s stock worth $380,000 after purchasing an additional 181 shares in the last quarter. Cerity Partners LLC raised its holdings in Shift4 Payments by 35.7% during the fourth quarter. Cerity Partners LLC now owns 4,629 shares of the company’s stock worth $480,000 after purchasing an additional 1,218 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Shift4 Payments by 54.7% in the first quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company’s stock valued at $98,000 after purchasing an additional 424 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in Shift4 Payments by 5.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company’s stock valued at $298,000 after purchasing an additional 194 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Price Performance

NYSE FOUR opened at $86.40 on Wednesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 29.19 and a beta of 1.81. The business has a 50 day simple moving average of $98.77 and a 200 day simple moving average of $95.45. Shift4 Payments, Inc. has a 52-week low of $61.09 and a 52-week high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The firm had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. During the same period in the prior year, the business posted $0.96 EPS. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. Analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FOUR. DA Davidson reissued a “buy” rating and set a $124.00 target price on shares of Shift4 Payments in a research note on Thursday, June 5th. Wells Fargo & Company increased their price objective on Shift4 Payments from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Evercore ISI began coverage on Shift4 Payments in a report on Wednesday, April 9th. They issued an “in-line” rating and a $80.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research note on Thursday, July 17th. They set a “buy” rating and a $120.00 price target on the stock. Finally, Royal Bank Of Canada reduced their price objective on shares of Shift4 Payments from $154.00 to $127.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and an average price target of $117.20.

Insider Activity at Shift4 Payments

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $94,530.00. Following the transaction, the director directly owned 7,474 shares of the company’s stock, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the transaction, the chief financial officer owned 167,622 shares in the company, valued at approximately $15,141,295.26. The trade was a 5.63% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,757 shares of company stock worth $1,258,449. Insiders own 25.15% 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.