MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 1,683 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,781 shares of the company’s stock after acquiring an additional 1,683 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Shift4 Payments were worth $4,544,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FOUR. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments in the fourth quarter valued at about $26,000. Rakuten Securities Inc. boosted its stake in Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after buying an additional 157 shares in the last quarter. UMB Bank n.a. acquired a new stake in Shift4 Payments in the fourth quarter valued at about $29,000. Valley National Advisers Inc. acquired a new stake in Shift4 Payments in the fourth quarter valued at about $31,000. Finally, Proficio Capital Partners LLC acquired a new stake in Shift4 Payments in the fourth quarter valued at about $37,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. 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. Wells Fargo & Company lifted their price target on Shift4 Payments from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Raymond James cut their price target on Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 4th. Royal Bank of Canada cut their price target on Shift4 Payments from $154.00 to $127.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, William Blair reissued an “outperform” rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $114.25.

Insiders Place Their Bets

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. The trade was a 5.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,695 shares of company stock worth $1,097,380. 25.15% of the stock is owned by corporate insiders.

Shift4 Payments Trading Up 1.9%

Shares of FOUR stock opened at $90.70 on Monday. The company has a market cap of $8.04 billion, a P/E ratio of 29.54, a PEG ratio of 1.04 and a beta of 1.80. The stock has a 50 day simple moving average of $82.87 and a two-hundred day simple moving average of $97.93. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.31. The business had revenue of $368.50 million during the quarter, compared to the consensus estimate of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. Research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

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.