Perpetual Ltd Purchases New Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Perpetual Ltd acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 695,912 shares of the company's stock, valued at approximately $56,863,000. Perpetual Ltd owned approximately 0.78% of Shift4 Payments at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its stake in Shift4 Payments by 5.4% during the 1st quarter. Perigon Wealth Management LLC now owns 4,122 shares of the company's stock worth $337,000 after purchasing an additional 213 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Shift4 Payments by 22.9% in the first quarter. Bessemer Group Inc. now owns 270,062 shares of the company's stock valued at $22,068,000 after buying an additional 50,299 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Shift4 Payments by 24.0% in the first quarter. Spire Wealth Management now owns 1,012 shares of the company's stock worth $83,000 after buying an additional 196 shares in the last quarter. S.A. Mason LLC boosted its position in Shift4 Payments by 3.4% during the first quarter. S.A. Mason LLC now owns 5,275 shares of the company's stock worth $431,000 after acquiring an additional 175 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Shift4 Payments by 54.7% during the first quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company's stock worth $98,000 after acquiring an additional 424 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Karen Roter Davis sold 2,757 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $260,619.21. Following the sale, the director now owns 6,592 shares of the company's stock, valued at approximately $623,141.76. This represents a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 7,474 shares in the company, valued at approximately $706,517.22. The trade was a 11.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,757 shares of company stock valued at $1,258,449. 25.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of recent research reports. UBS Group cut their price objective on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. 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. Royal Bank Of Canada reduced their price objective on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Evercore ISI began coverage on Shift4 Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 target price for the company. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Shift4 Payments has an average rating of "Moderate Buy" and an average target price of $115.35.

Shift4 Payments Stock Up 1.8%

Shares of NYSE FOUR opened at $98.20 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.12. The business's 50 day moving average is $88.96 and its two-hundred day moving average is $95.86. Shift4 Payments, Inc. has a 52-week low of $57.45 and a 52-week high of $127.50. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 0.68 and a beta of 1.82.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. The business had revenue of $368.50 million during the quarter, compared to analysts' expectations of $886.09 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The company's revenue was up 39.7% on a year-over-year basis. Research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

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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