Emerald Advisers LLC Sells 10,575 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Emerald Advisers LLC trimmed its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 393,180 shares of the company’s stock after selling 10,575 shares during the quarter. Shift4 Payments accounts for 1.2% of Emerald Advisers LLC’s portfolio, making the stock its 26th largest holding. Emerald Advisers LLC owned approximately 0.45% of Shift4 Payments worth $28,840,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FOUR. HMS Capital Management LLC grew its position in Shift4 Payments by 5.4% during the first quarter. HMS Capital Management LLC now owns 3,410 shares of the company’s stock worth $225,000 after buying an additional 175 shares in the last quarter. Lewis Asset Management LLC raised its position in Shift4 Payments by 3.2% in the first quarter. Lewis Asset Management LLC now owns 5,585 shares of the company’s stock worth $369,000 after purchasing an additional 175 shares in the last quarter. First Dallas Securities Inc. lifted its stake in Shift4 Payments by 1.8% during the second quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock worth $844,000 after purchasing an additional 200 shares during the period. J.Safra Asset Management Corp boosted its holdings in Shift4 Payments by 25.7% during the second quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock valued at $72,000 after purchasing an additional 202 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Shift4 Payments by 3.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock valued at $477,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analyst Ratings Changes

FOUR has been the subject of several analyst reports. Stephens restated an “overweight” rating and set a $90.00 target price on shares of Shift4 Payments in a research report on Friday, August 9th. DA Davidson lifted their price objective on Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a report on Friday, August 9th. Mizuho lowered their target price on shares of Shift4 Payments from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, May 13th. Benchmark restated a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a research report on Thursday. Finally, William Blair started coverage on Shift4 Payments in a report on Wednesday. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.44.

Shift4 Payments Stock Performance

FOUR stock opened at $75.71 on Friday. Shift4 Payments, Inc. has a 1-year low of $42.91 and a 1-year high of $92.30. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. The firm has a market cap of $6.63 billion, a PE ratio of 50.81, a P/E/G ratio of 0.84 and a beta of 1.64. The business’s 50-day moving average price is $73.36 and its two-hundred day moving average price is $70.64.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The business had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. During the same quarter in the previous year, the business posted $0.58 EPS. Shift4 Payments’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, research analysts forecast that Shift4 Payments, Inc. will post 3.05 earnings per share for the current year.

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.