Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. cut its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 29.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,750 shares of the company's stock after selling 12,588 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Shift4 Payments were worth $2,513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Darlington Partners Capital Management LP lifted 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 valued at $260,489,000 after acquiring an additional 367,500 shares in the last quarter. Spyglass Capital Management LLC lifted its holdings in shares of Shift4 Payments by 22.7% during the 4th quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company's stock valued at $101,897,000 after buying an additional 181,539 shares during the period. Perpetual Ltd bought a new position in shares of Shift4 Payments during the 1st quarter valued at $56,863,000. Northern Trust Corp lifted its holdings in shares of Shift4 Payments by 84.4% during the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company's stock valued at $54,068,000 after buying an additional 238,478 shares during the period. Finally, Senator Investment Group LP lifted its holdings in shares of Shift4 Payments by 4.9% during the 4th quarter. Senator Investment Group LP now owns 512,361 shares of the company's stock valued at $53,173,000 after buying an additional 23,800 shares during the period. 98.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FOUR shares. Keefe, Bruyette & Woods reduced their price objective on Shift4 Payments from $110.00 to $100.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. William Blair restated an "outperform" rating on shares of Shift4 Payments in a research report on Wednesday, April 30th. Royal Bank Of Canada lowered their price target on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $140.00 price target (up previously from $130.00) on shares of Shift4 Payments in a report on Friday, August 1st. Finally, UBS Group decreased their price objective on shares of Shift4 Payments from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Shift4 Payments has a consensus rating of "Moderate Buy" and an average target price of $114.40.

Insider Transactions at Shift4 Payments

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were 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 in the company, valued at $706,517.22. The trade was a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the completion of the transaction, 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. Over the last 90 days, insiders have sold 13,757 shares of company stock worth $1,258,449. Insiders own 25.15% of the company's stock.

Shift4 Payments Stock Up 1.9%

FOUR stock traded up $1.65 during trading on Friday, hitting $90.76. 2,311,145 shares of the company's stock traded hands, compared to its average volume of 2,277,281. The business has a fifty day simple moving average of $97.48 and a two-hundred day simple moving average of $93.77. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. Shift4 Payments, Inc. has a 1 year low of $68.09 and a 1 year high of $127.50. The firm has a market capitalization of $8.03 billion, a P/E ratio of 33.61, a PEG ratio of 0.90 and a beta of 1.81.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.10). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%. The firm had revenue of $413.40 million during the quarter, compared to analysts' expectations of $967.84 million. During the same period in the prior year, the firm posted $0.96 earnings per share. Shift4 Payments's revenue for the quarter was up 28.9% compared to the same quarter last year. Sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

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.