Global Trust Asset Management LLC Lowers Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Global Trust Asset Management LLC reduced its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,874 shares of the company’s stock after selling 267 shares during the period. Global Trust Asset Management LLC’s holdings in Shift4 Payments were worth $398,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FOUR. Vanguard Group Inc. boosted its holdings in Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock worth $678,668,000 after acquiring an additional 562,774 shares in the last quarter. Darlington Partners Capital Management LP increased its position in shares of Shift4 Payments by 17.2% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after acquiring an additional 367,500 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Shift4 Payments by 41.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after acquiring an additional 350,703 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Shift4 Payments by 10.0% during the fourth quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company’s stock valued at $120,899,000 after acquiring an additional 106,217 shares in the last quarter. Finally, Spyglass Capital Management LLC increased its position in shares of Shift4 Payments by 22.7% during the fourth quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company’s stock valued at $101,897,000 after acquiring an additional 181,539 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $94,530.00. Following the sale, the director now directly owns 7,474 shares in the company, valued at $706,517.22. The trade was a 11.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Karen Roter Davis sold 2,757 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $260,619.21. Following the completion of the sale, the director now owns 6,592 shares in the company, valued at approximately $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 25.15% of the company’s stock.

Shift4 Payments Price Performance

NYSE:FOUR opened at $91.45 on Tuesday. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The business’s 50-day simple moving average is $86.52 and its two-hundred day simple moving average is $96.37. Shift4 Payments, Inc. has a 52 week low of $57.45 and a 52 week high of $127.50. The stock has a market cap of $8.10 billion, a PE ratio of 29.79, a P/E/G ratio of 1.04 and a beta of 1.82.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.31. The company had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. Shift4 Payments’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. As a group, analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. William Blair restated an “outperform” rating on shares of Shift4 Payments in a research report on Wednesday, April 30th. Morgan Stanley lowered their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Oppenheimer lowered their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, B. Riley restated a “buy” rating on shares of Shift4 Payments in a research report on Monday, June 2nd. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and a consensus target price of $115.35.

Shift4 Payments 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.