Global Trust Asset Management LLC Sells 267 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Global Trust Asset Management LLC trimmed its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 5.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,874 shares of the company’s stock after selling 267 shares during the period. Global Trust Asset Management LLC’s holdings in Shift4 Payments were worth $398,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in Shift4 Payments by 35.7% during the 4th quarter. Cerity Partners LLC now owns 4,629 shares of the company’s stock valued at $480,000 after purchasing an additional 1,218 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Shift4 Payments by 114.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,755 shares of the company’s stock valued at $1,635,000 after purchasing an additional 8,403 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Shift4 Payments during the 4th quarter valued at about $1,677,000. UMB Bank n.a. grew its holdings in Shift4 Payments by 91.4% during the 1st quarter. UMB Bank n.a. now owns 534 shares of the company’s stock valued at $44,000 after purchasing an additional 255 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Shift4 Payments by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after purchasing an additional 562,774 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Oppenheimer lowered their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Piper Sandler lowered their price objective on shares of Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Royal Bank of Canada lowered their price objective on shares of Shift4 Payments from $154.00 to $127.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Susquehanna boosted their price objective on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, April 30th. Finally, Barclays lowered their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.35.

Insider Buying and Selling at Shift4 Payments

In other news, Director Karen Roter Davis sold 2,757 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 $260,619.21. Following the sale, the director now owns 6,592 shares in the company, valued at $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 is available through the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the completion of the sale, the director now owns 7,474 shares in the company, valued at $706,517.22. The trade was a 11.80% decrease in their position. The disclosure for this sale can be found here. 25.15% of the stock is currently owned by company insiders.

Shift4 Payments Trading Up 3.1%

Shares of Shift4 Payments stock opened at $91.45 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a 12-month low of $57.45 and a 12-month high of $127.50. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.04 and a beta of 1.82. The firm’s 50 day simple moving average is $86.52 and its two-hundred day simple moving average is $96.37.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results 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. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same quarter in the prior year, the business posted $0.54 EPS. Shift4 Payments’s revenue for the quarter was up 39.7% compared to the same quarter last year. Analysts predict that Shift4 Payments, Inc. will post 3.7 EPS 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.