Shift4 Payments, Inc. (NYSE:FOUR) Shares Acquired by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust boosted its position in Shift4 Payments, Inc. (NYSE:FOUR) by 0.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 304,890 shares of the company’s stock after purchasing an additional 1,890 shares during the period. Shift4 Payments makes up about 1.2% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 27th largest holding. Emerald Mutual Fund Advisers Trust’s holdings in Shift4 Payments were worth $22,364,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Shift4 Payments in the 4th quarter worth $26,935,000. Thematics Asset Management acquired a new stake in Shift4 Payments in the 4th quarter valued at about $17,842,000. Forge First Asset Management Inc. acquired a new stake in Shift4 Payments in the 1st quarter valued at about $1,242,000. Deepwater Asset Management LLC boosted its position in shares of Shift4 Payments by 23.7% during the 1st quarter. Deepwater Asset Management LLC now owns 206,878 shares of the company’s stock valued at $13,668,000 after purchasing an additional 39,589 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Shift4 Payments by 7.1% in the 1st quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock worth $14,465,000 after purchasing an additional 14,438 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FOUR has been the subject of several recent research reports. Wedbush began coverage on shares of Shift4 Payments in a research note on Friday, May 24th. They set a “neutral” rating and a $75.00 target price for the company. Stephens reiterated an “overweight” rating and set a $90.00 price objective on shares of Shift4 Payments in a research report on Friday, August 9th. The Goldman Sachs Group boosted their target price on Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Morgan Stanley increased their price target on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Finally, Mizuho cut their price objective on Shift4 Payments from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, May 13th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.44.

Shift4 Payments Stock Performance

FOUR stock opened at $75.71 on Friday. The firm has a 50 day simple moving average of $73.36 and a 200 day simple moving average of $70.64. Shift4 Payments, Inc. has a 52 week low of $42.91 and a 52 week high of $92.30. The stock has a market cap of $6.63 billion, a P/E ratio of 50.81, a P/E/G ratio of 0.84 and a beta of 1.64. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The company had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’s revenue was up 40.6% compared to the same quarter last year. Research analysts anticipate that Shift4 Payments, Inc. will post 3.05 earnings per share 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.