Mirae Asset Global Investments Co. Ltd. Has $4.62 Million Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,093 shares of the company's stock after selling 19,991 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Shift4 Payments worth $4,616,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. FCF Advisors LLC bought a new position in shares of Shift4 Payments in the fourth quarter worth $1,136,000. Regal Investment Advisors LLC bought a new position in Shift4 Payments during the third quarter valued at about $976,000. Fuller & Thaler Asset Management Inc. boosted its stake in Shift4 Payments by 7.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 189,867 shares of the company's stock valued at $10,513,000 after buying an additional 13,822 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Shift4 Payments by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 314,977 shares of the company's stock valued at $17,440,000 after buying an additional 9,908 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Shift4 Payments by 47.7% during the third quarter. PNC Financial Services Group Inc. now owns 16,617 shares of the company's stock valued at $920,000 after buying an additional 5,364 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

Insider Activity

In other news, insider David Taylor Lauber sold 15,000 shares of Shift4 Payments stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the completion of the sale, the insider now directly owns 243,880 shares in the company, valued at approximately $19,546,982. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 32.14% of the stock is owned by corporate insiders.

Shift4 Payments Stock Up 0.4 %

NYSE FOUR traded up $0.22 during trading on Tuesday, reaching $62.14. 1,021,824 shares of the company's stock were exchanged, compared to its average volume of 1,415,982. Shift4 Payments, Inc. has a fifty-two week low of $42.91 and a fifty-two week high of $92.30. The firm has a market capitalization of $5.36 billion, a PE ratio of 43.76, a P/E/G ratio of 1.01 and a beta of 1.57. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The company's fifty day simple moving average is $73.68 and its 200-day simple moving average is $67.40.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.05). The business had revenue of $269.30 million for the quarter, compared to analyst estimates of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. Sell-side analysts predict that Shift4 Payments, Inc. will post 2.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FOUR. Benchmark reaffirmed a "buy" rating and set a $99.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 19th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $94.00 target price on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Morgan Stanley raised their target price on Shift4 Payments from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 28th. UBS Group increased their price target on Shift4 Payments from $75.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. Finally, Raymond James lifted their price target on Shift4 Payments from $75.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.52.

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.