Global Trust Asset Management LLC Acquires 627 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Global Trust Asset Management LLC raised its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 16.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,512 shares of the company’s stock after acquiring an additional 627 shares during the quarter. Global Trust Asset Management LLC’s holdings in Shift4 Payments were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FOUR. Waldron Private Wealth LLC bought a new position in Shift4 Payments in the 3rd quarter valued at $25,000. Toth Financial Advisory Corp purchased a new stake in shares of Shift4 Payments in the 3rd quarter worth $32,000. J.Safra Asset Management Corp lifted its holdings in shares of Shift4 Payments by 79.0% in the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after buying an additional 347 shares during the period. Quarry LP purchased a new stake in shares of Shift4 Payments in the 2nd quarter worth $60,000. Finally, CWM LLC lifted its holdings in shares of Shift4 Payments by 27.1% in the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after buying an additional 241 shares during the period. Institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FOUR shares. Stephens upped their target price on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Susquehanna reiterated a “positive” rating and issued a $97.00 target price on shares of Shift4 Payments in a report on Thursday, September 12th. The Goldman Sachs Group upped their price objective on Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. BTIG Research upped their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company upped their price objective on Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.11.

Shift4 Payments Stock Up 0.5 %

Shares of FOUR stock opened at $93.73 on Friday. The stock’s 50-day simple moving average is $85.63 and its 200-day simple moving average is $73.88. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market capitalization of $8.21 billion, a PE ratio of 62.50, a P/E/G ratio of 1.01 and a beta of 1.64. Shift4 Payments, Inc. has a fifty-two week low of $42.91 and a fifty-two week high of $96.96.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $320.60 million for the quarter, compared to analyst estimates of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The company’s revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. Equities analysts expect that Shift4 Payments, Inc. will post 3.11 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

About Shift4 Payments

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.