Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by First Hawaiian Bank

First Hawaiian Bank boosted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 8.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,195 shares of the company’s stock after purchasing an additional 580 shares during the period. First Hawaiian Bank’s holdings in Shift4 Payments were worth $528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Shift4 Payments in the 1st quarter worth about $3,203,000. Washington Harbour Partners LP acquired a new stake in Shift4 Payments during the first quarter valued at approximately $1,342,000. Janus Henderson Group PLC raised its stake in Shift4 Payments by 21.7% during the first quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock valued at $94,803,000 after buying an additional 255,741 shares in the last quarter. BOKF NA lifted its holdings in Shift4 Payments by 84.6% during the 1st quarter. BOKF NA now owns 52,077 shares of the company’s stock worth $3,377,000 after buying an additional 23,866 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Shift4 Payments in the 1st quarter worth approximately $179,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

In related news, CEO Jared Isaacman bought 85,916 shares of Shift4 Payments stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average cost of $67.09 per share, for a total transaction of $5,764,104.44. Following the acquisition, the chief executive officer now owns 582,827 shares in the company, valued at $39,101,863.43. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Shift4 Payments news, CEO Jared Isaacman acquired 85,916 shares of Shift4 Payments stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $67.09 per share, with a total value of $5,764,104.44. Following the completion of the transaction, the chief executive officer now owns 582,827 shares of the company’s stock, valued at $39,101,863.43. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $72.06, for a total transaction of $72,060.00. Following the transaction, the director now owns 9,474 shares of the company’s stock, valued at $682,696.44. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FOUR shares. Morgan Stanley lowered their target price on shares of Shift4 Payments from $70.00 to $66.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. The Goldman Sachs Group lifted their target price on Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Redburn Atlantic raised Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price target on the stock in a report on Friday, April 19th. Wells Fargo & Company cut their target price on Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Finally, DA Davidson restated a “buy” rating and set a $96.00 price target on shares of Shift4 Payments in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus target price of $84.47.

Shift4 Payments Trading Down 2.4 %

Shares of NYSE:FOUR traded down $1.50 during mid-day trading on Monday, hitting $61.21. The stock had a trading volume of 1,577,319 shares, compared to its average volume of 1,361,231. The company’s 50 day moving average is $70.10 and its 200-day moving average is $70.35. Shift4 Payments, Inc. has a 12-month low of $42.91 and a 12-month high of $92.30. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market cap of $5.36 billion, a PE ratio of 42.09, a P/E/G ratio of 0.82 and a beta of 1.63.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Thursday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. The business had revenue of $263.70 million during the quarter, compared to analysts’ expectations of $268.55 million. On average, sell-side analysts predict that Shift4 Payments, Inc. will post 3.04 EPS for the current 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.