Global Trust Asset Management LLC Cuts Stock Holdings in Shift4 Payments, Inc. $FOUR

Global Trust Asset Management LLC decreased its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 18.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,963 shares of the company’s stock after selling 911 shares during the quarter. Global Trust Asset Management LLC’s holdings in Shift4 Payments were worth $393,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Perigon Wealth Management LLC lifted its position in Shift4 Payments by 4.6% during the second quarter. Perigon Wealth Management LLC now owns 4,312 shares of the company’s stock valued at $427,000 after purchasing an additional 190 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Shift4 Payments by 2.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,793 shares of the company’s stock valued at $7,314,000 after buying an additional 1,778 shares in the last quarter. S.A. Mason LLC increased its stake in Shift4 Payments by 1.9% in the second quarter. S.A. Mason LLC now owns 5,377 shares of the company’s stock valued at $533,000 after acquiring an additional 102 shares during the last quarter. UMB Bank n.a. increased its stake in Shift4 Payments by 33.5% in the second quarter. UMB Bank n.a. now owns 713 shares of the company’s stock valued at $71,000 after acquiring an additional 179 shares during the last quarter. Finally, Shelton Wealth Management LLC bought a new position in Shift4 Payments in the second quarter valued at $1,530,000. 98.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total value of $221,475.00. Following the sale, the chief executive officer directly owned 285,588 shares of the company’s stock, valued at $25,300,240.92. This represents a 0.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James J. Whalen sold 794 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.89, for a total transaction of $71,372.66. Following the completion of the sale, the insider directly owned 56,324 shares in the company, valued at $5,062,964.36. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 25.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of research reports. Keefe, Bruyette & Woods cut their price objective on Shift4 Payments from $110.00 to $100.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. Raymond James Financial restated a “strong-buy” rating and issued a $140.00 target price (up previously from $130.00) on shares of Shift4 Payments in a research report on Friday, August 1st. DA Davidson reissued a “buy” rating and set a $124.00 price target on shares of Shift4 Payments in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research note on Thursday, July 17th. They set a “buy” rating and a $120.00 price target on the stock. Finally, B. Riley reaffirmed a “buy” rating on shares of Shift4 Payments in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.21.

Shift4 Payments Stock Down 0.8%

Shares of NYSE FOUR opened at $79.16 on Monday. Shift4 Payments, Inc. has a 12 month low of $68.09 and a 12 month high of $127.50. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The firm has a fifty day simple moving average of $90.99 and a two-hundred day simple moving average of $89.81. The firm has a market capitalization of $7.00 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.10). The company had revenue of $413.40 million for the quarter, compared to analysts’ expectations of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. Shift4 Payments’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. Equities analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share 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.