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

Mirae Asset Global Investments Co. Ltd. lifted its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 96.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,050 shares of the company’s stock after buying an additional 17,692 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Shift4 Payments were worth $2,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Perpetual Ltd purchased a new position in shares of Shift4 Payments in the first quarter valued at $56,863,000. Perigon Wealth Management LLC boosted its holdings in Shift4 Payments by 5.4% in the first quarter. Perigon Wealth Management LLC now owns 4,122 shares of the company’s stock valued at $337,000 after purchasing an additional 213 shares during the last quarter. Bessemer Group Inc. grew its stake in Shift4 Payments by 22.9% during the 1st quarter. Bessemer Group Inc. now owns 270,062 shares of the company’s stock valued at $22,068,000 after purchasing an additional 50,299 shares in the last quarter. Spire Wealth Management increased its holdings in Shift4 Payments by 24.0% during the 1st quarter. Spire Wealth Management now owns 1,012 shares of the company’s stock worth $83,000 after purchasing an additional 196 shares during the last quarter. Finally, S.A. Mason LLC increased its stake in shares of Shift4 Payments by 3.4% in the first quarter. S.A. Mason LLC now owns 5,275 shares of the company’s stock worth $431,000 after buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insiders Place Their Bets

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 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 transaction of $94,530.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the company’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 completion of the sale, the chief financial officer owned 167,622 shares of the company’s stock, valued at approximately $15,141,295.26. This trade represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,757 shares of company stock worth $1,258,449 over the last ninety days. Company insiders own 25.15% of the company’s stock.

Shift4 Payments Trading Up 0.9%

NYSE:FOUR opened at $98.59 on Thursday. Shift4 Payments, Inc. has a 1 year low of $57.45 and a 1 year high of $127.50. The business has a fifty day moving average of $90.66 and a 200-day moving average of $95.80. 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 $8.74 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 0.69 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating 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 firm had revenue of $368.50 million for the quarter, compared to analysts’ expectations of $886.09 million. During the same quarter last year, the company earned $0.54 EPS. Shift4 Payments’s quarterly revenue was up 39.7% on a year-over-year basis. Equities analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FOUR shares. DA Davidson reissued a “buy” rating and issued a $124.00 target price on shares of Shift4 Payments in a research report on Thursday, June 5th. Royal Bank Of Canada decreased their price target on Shift4 Payments from $154.00 to $127.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Susquehanna boosted their price target on Shift4 Payments from $100.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, April 30th. Piper Sandler reduced their price target on shares of Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Finally, Benchmark raised shares of Shift4 Payments from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.35.

Shift4 Payments Company Profile

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.