MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in Shift4 Payments, Inc. $FOUR

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,992 shares of the company’s stock after purchasing an additional 2,211 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.05% of Shift4 Payments worth $3,760,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FOUR. Cetera Investment Advisers increased its position in shares of Shift4 Payments by 25.5% during the fourth quarter. Cetera Investment Advisers now owns 3,609 shares of the company’s stock worth $375,000 after acquiring an additional 733 shares during the last quarter. Numerai GP LLC bought a new stake in shares of Shift4 Payments in the 4th quarter worth about $269,000. Quantinno Capital Management LP raised its stake in shares of Shift4 Payments by 8.8% in the 4th quarter. Quantinno Capital Management LP now owns 28,559 shares of the company’s stock valued at $2,964,000 after purchasing an additional 2,305 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at about $333,000. Finally, Rafferty Asset Management LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at about $318,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on FOUR. BTIG Research reissued a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research report on Thursday, July 17th. They issued a “buy” rating and a $120.00 target price for the company. UBS Group decreased their target price on shares of Shift4 Payments from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Keefe, Bruyette & Woods dropped their price target on shares of Shift4 Payments from $110.00 to $100.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. Finally, Truist Financial boosted their price target on shares of Shift4 Payments from $97.00 to $109.00 and gave the stock a “hold” rating in a research report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus target price of $115.21.

Shift4 Payments Trading Up 0.7%

NYSE:FOUR opened at $87.52 on Friday. Shift4 Payments, Inc. has a 52 week low of $68.09 and a 52 week high of $127.50. The stock’s 50 day moving average price is $94.89 and its 200 day moving average price is $90.41. The company has a market capitalization of $7.74 billion, a P/E ratio of 32.41, a P/E/G ratio of 0.86 and a beta of 1.72. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The company 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 firm earned $0.96 EPS. Shift4 Payments’s quarterly revenue was up 28.9% on a year-over-year basis. On average, research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the transaction, the chief executive officer owned 285,588 shares of the company’s stock, valued at approximately $25,300,240.92. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $90.33, for a total transaction of $903,300.00. Following the transaction, 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. Insiders sold a total of 13,294 shares of company stock valued at $1,196,148 over the last ninety days. 25.15% of the stock is owned by 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.