Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR – Get 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
Shift4 Payments (NYSE:FOUR – Get 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
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.
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