Mirae Asset Global Investments Co. Ltd. Decreases Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Shift4 Payments, Inc. (NYSE:FOURGet Rating) by 17.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 104,681 shares of the company’s stock after selling 22,274 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Shift4 Payments were worth $6,482,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Elequin Capital LP purchased a new position in shares of Shift4 Payments during the 1st quarter worth $30,000. Advisors Asset Management Inc. acquired a new stake in shares of Shift4 Payments during the 1st quarter worth about $58,000. Icapital Wealth LLC acquired a new stake in shares of Shift4 Payments during the 1st quarter worth about $66,000. FourThought Financial LLC increased its position in shares of Shift4 Payments by 22.7% during the 1st quarter. FourThought Financial LLC now owns 1,578 shares of the company’s stock worth $98,000 after purchasing an additional 292 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Shift4 Payments by 21.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,319 shares of the company’s stock worth $153,000 after purchasing an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FOUR. Wolfe Research cut their price objective on Shift4 Payments from $65.00 to $48.00 in a research report on Wednesday, July 20th. UBS Group started coverage on Shift4 Payments in a research report on Wednesday, September 14th. They set a “buy” rating and a $60.00 price objective for the company. Truist Financial dropped their target price on Shift4 Payments from $80.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Piper Sandler dropped their target price on Shift4 Payments from $70.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Finally, The Goldman Sachs Group dropped their target price on Shift4 Payments from $55.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.87.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $46.56 on Thursday. Shift4 Payments, Inc. has a one year low of $29.39 and a one year high of $87.66. The company has a market cap of $3.92 billion, a PE ratio of -155.19 and a beta of 1.72. The company has a debt-to-equity ratio of 6.50, a quick ratio of 4.66 and a current ratio of 4.66. The business has a 50-day simple moving average of $43.22 and a 200-day simple moving average of $46.08.

Shift4 Payments (NYSE:FOURGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.11. Shift4 Payments had a positive return on equity of 6.81% and a negative net margin of 0.94%. The business had revenue of $506.70 million during the quarter, compared to the consensus estimate of $476.34 million. During the same period in the previous year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 44.4% on a year-over-year basis. On average, equities research analysts forecast that Shift4 Payments, Inc. will post 0.77 EPS for the current fiscal year.

Shift4 Payments Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Shift4 Payments (NYSE:FOUR)

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