Nomura Asset Management Co. Ltd. Buys 98,600 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Nomura Asset Management Co. Ltd. lifted its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 16.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 696,200 shares of the company’s stock after acquiring an additional 98,600 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Shift4 Payments were worth $51,756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. C M Bidwell & Associates Ltd. purchased a new stake in Shift4 Payments during the 3rd quarter valued at about $35,000. Nemes Rush Group LLC bought a new stake in Shift4 Payments during the 3rd quarter worth approximately $79,000. Covestor Ltd raised its position in shares of Shift4 Payments by 49,166.7% during the third quarter. Covestor Ltd now owns 1,478 shares of the company’s stock valued at $82,000 after buying an additional 1,475 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $90,000. Finally, Qsemble Capital Management LP purchased a new position in shares of Shift4 Payments in the fourth quarter valued at $227,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI dropped their price objective on shares of Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. UBS Group boosted their price target on Shift4 Payments from $75.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Morgan Stanley dropped their target price on Shift4 Payments from $70.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. DA Davidson restated a “buy” rating and issued a $96.00 price objective on shares of Shift4 Payments in a research report on Wednesday, May 15th. Finally, Benchmark reaffirmed a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research note on Friday, May 10th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $83.33.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total transaction of $723,400.00. Following the sale, the chief financial officer now owns 274,954 shares of the company’s stock, valued at approximately $19,890,172.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Shift4 Payments news, CEO Jared Isaacman bought 39,135 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of $64.04 per share, with a total value of $2,506,205.40. Following the transaction, the chief executive officer now owns 621,962 shares of the company’s stock, valued at $39,830,446.48. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total value of $723,400.00. Following the sale, the chief financial officer now directly owns 274,954 shares in the company, valued at approximately $19,890,172.36. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Shift4 Payments Trading Up 6.6 %

Shares of NYSE FOUR traded up $4.23 during mid-day trading on Friday, reaching $68.29. 1,564,450 shares of the company’s stock were exchanged, compared to its average volume of 1,685,707. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 0.82 and a beta of 1.59. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.70 and a current ratio of 1.70. Shift4 Payments, Inc. has a 52-week low of $42.91 and a 52-week high of $92.30. The company’s 50-day moving average is $64.92 and its 200-day moving average is $69.83.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The company had revenue of $269.30 million during the quarter, compared to analyst estimates of $278.85 million. Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. Analysts expect that Shift4 Payments, Inc. will post 3 EPS for the current fiscal year.

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.