Emerald Mutual Fund Advisers Trust Decreases Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Emerald Mutual Fund Advisers Trust decreased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 19.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,005 shares of the company's stock after selling 37,679 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.18% of Shift4 Payments worth $12,911,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FOUR. SG Americas Securities LLC raised its position in shares of Shift4 Payments by 253.0% during the 1st quarter. SG Americas Securities LLC now owns 11,705 shares of the company's stock worth $956,000 after purchasing an additional 8,389 shares during the last quarter. Fifth Third Bancorp raised its holdings in Shift4 Payments by 4.1% in the 1st quarter. Fifth Third Bancorp now owns 4,646 shares of the company's stock valued at $380,000 after acquiring an additional 181 shares during the last quarter. Cerity Partners LLC raised its holdings in Shift4 Payments by 35.7% in the 4th quarter. Cerity Partners LLC now owns 4,629 shares of the company's stock valued at $480,000 after acquiring an additional 1,218 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Shift4 Payments by 54.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company's stock valued at $98,000 after acquiring an additional 424 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in Shift4 Payments by 24.0% in the 1st quarter. Spire Wealth Management now owns 1,012 shares of the company's stock valued at $83,000 after acquiring an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $101.01 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a 50-day moving average of $93.51 and a two-hundred day moving average of $95.78. The stock has a market cap of $8.95 billion, a P/E ratio of 34.13, a PEG ratio of 0.75 and a beta of 1.80. Shift4 Payments, Inc. has a 1-year low of $57.45 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its 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 business had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The company's revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. On average, research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on FOUR shares. Raymond James Financial cut their price target on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a report on Friday, April 4th. Keefe, Bruyette & Woods boosted their price objective on shares of Shift4 Payments from $95.00 to $110.00 and gave the company a "market perform" rating in a research note on Wednesday. DA Davidson reissued a "buy" rating and set a $124.00 price objective on shares of Shift4 Payments in a research note on Thursday, June 5th. Truist Financial assumed coverage on shares of Shift4 Payments in a research note on Monday, June 2nd. They set a "hold" rating and a $97.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $116.10.

Insider Activity

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of the firm's stock in a transaction that occurred on 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 owned 7,474 shares in the company, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen Roter Davis sold 2,757 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $260,619.21. Following the completion of the sale, the director owned 6,592 shares in the company, valued at $623,141.76. The trade was a 29.49% 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. 25.15% of the stock is currently owned by corporate 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.

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