Mirae Asset Global Investments Co. Ltd. Purchases 17,692 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 96.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,050 shares of the company's stock after purchasing an additional 17,692 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Shift4 Payments were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Elequin Capital LP lifted its position in shares of Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after buying an additional 114 shares during the period. Triumph Capital Management lifted its holdings in shares of Shift4 Payments by 3.2% during the fourth quarter. Triumph Capital Management now owns 4,360 shares of the company's stock valued at $452,000 after acquiring an additional 137 shares during the period. MRP Capital Investments LLC boosted its stake in shares of Shift4 Payments by 5.9% in the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after purchasing an additional 150 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after purchasing an additional 157 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Shift4 Payments by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 26,944 shares of the company's stock worth $2,796,000 after purchasing an additional 170 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FOUR shares. Piper Sandler reduced their price target on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Royal Bank Of Canada reduced their target price on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Benchmark upgraded Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. Finally, UBS Group reduced their price objective on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Shift4 Payments currently has a consensus rating of "Moderate Buy" and an average target price of $115.35.

Shift4 Payments Trading Up 3.4%

Shares of NYSE:FOUR traded up $3.35 during trading on Friday, hitting $101.89. 1,163,430 shares of the company's stock were exchanged, compared to its average volume of 1,687,124. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.12. The firm has a market cap of $9.03 billion, a P/E ratio of 34.42, a PEG ratio of 0.70 and a beta of 1.80. The firm has a 50-day moving average price of $91.08 and a two-hundred day moving average price of $95.78. 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 announced its quarterly earnings data 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 firm had revenue of $368.50 million for the quarter, compared to analysts' expectations of $886.09 million. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The business's revenue for the quarter was up 39.7% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. Equities analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In related news, 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 value of $903,300.00. Following the completion of the sale, the chief financial officer owned 167,622 shares in the company, valued at approximately $15,141,295.26. This represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Karen Roter Davis sold 2,757 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $260,619.21. Following the transaction, the director owned 6,592 shares in the company, valued at approximately $623,141.76. This trade represents a 29.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,757 shares of company stock worth $1,258,449 in the last three months. Insiders own 25.15% of the company's stock.

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.