Shift4 Payments, Inc. (NYSE:FOUR) Holdings Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,781 shares of the company’s stock after purchasing an additional 1,683 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Shift4 Payments were worth $4,544,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Darlington Partners Capital Management LP increased its position in Shift4 Payments by 17.2% in the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock worth $260,489,000 after purchasing an additional 367,500 shares during the last quarter. Cetera Investment Advisers increased its position in Shift4 Payments by 25.5% in the 4th quarter. Cetera Investment Advisers now owns 3,609 shares of the company’s stock worth $375,000 after purchasing an additional 733 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in Shift4 Payments in the 4th quarter worth about $2,572,000. Cat Rock Capital Management LP acquired a new position in Shift4 Payments in the 4th quarter worth about $39,222,000. Finally, Algert Global LLC acquired a new position in Shift4 Payments in the 4th quarter worth about $1,550,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Stock Up 1.9%

FOUR opened at $90.70 on Monday. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The stock has a market cap of $8.04 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The stock’s fifty day simple moving average is $82.87 and its 200 day simple moving average is $97.93. Shift4 Payments, Inc. has a 1-year low of $57.45 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted 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. The firm had revenue of $368.50 million for the quarter, compared to analysts’ expectations of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. As a group, research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the transaction, the president now owns 264,856 shares in the company, valued at $24,287,295.20. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the transaction, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. The trade was a 5.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock worth $1,097,380 in the last 90 days. Company insiders own 25.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley dropped their target price on 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. Benchmark raised Shift4 Payments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a report on Monday, February 3rd. They issued a “hold” rating and a $120.00 target price on the stock. Susquehanna raised their target price on Shift4 Payments from $100.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, April 30th. Finally, UBS Group lowered their target price on Shift4 Payments from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.25.

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.