Shift4 Payments, Inc. (NYSE:FOUR) Stock Position Cut by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lessened its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 3.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 295,658 shares of the company’s stock after selling 9,232 shares during the period. Shift4 Payments accounts for 1.4% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 19th biggest holding. Emerald Mutual Fund Advisers Trust owned about 0.33% of Shift4 Payments worth $26,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in Shift4 Payments in the 1st quarter valued at about $774,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Shift4 Payments by 15.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,739 shares of the company’s stock valued at $4,950,000 after acquiring an additional 9,646 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Shift4 Payments in the 1st quarter valued at about $251,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Shift4 Payments in the 1st quarter valued at about $205,000. Finally, Swiss National Bank lifted its holdings in Shift4 Payments by 0.9% in the 1st quarter. Swiss National Bank now owns 101,000 shares of the company’s stock valued at $6,673,000 after acquiring an additional 900 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FOUR shares. Stephens upped their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Morgan Stanley upped their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. BTIG Research upped their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their price objective on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Finally, Oppenheimer assumed coverage on shares of Shift4 Payments in a research note on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price objective for the company. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and an average target price of $95.11.

Shift4 Payments Trading Up 0.1 %

NYSE:FOUR opened at $90.55 on Friday. The stock’s 50 day moving average price is $87.20 and its 200 day moving average price is $75.15. Shift4 Payments, Inc. has a 52 week low of $45.92 and a 52 week high of $96.96. The company has a market capitalization of $8.02 billion, a P/E ratio of 54.88, a P/E/G ratio of 1.03 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 quarterly earnings data on Thursday, August 8th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The firm had revenue of $320.60 million for the quarter, compared to the consensus estimate of $314.10 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The firm’s revenue was up 40.6% on a year-over-year basis. On average, research analysts forecast that Shift4 Payments, Inc. will post 3.11 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

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.