Bokf Na Sells 3,082 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Bokf Na reduced its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,995 shares of the company’s stock after selling 3,082 shares during the period. Bokf Na owned approximately 0.06% of Shift4 Payments worth $3,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FOUR. J.Safra Asset Management Corp lifted its holdings in shares of Shift4 Payments by 79.0% in the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after buying an additional 347 shares in the last quarter. CWM LLC lifted its stake in 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 purchasing an additional 241 shares in the last quarter. Clear Street Markets LLC purchased a new stake in Shift4 Payments in the 4th quarter worth approximately $112,000. International Assets Investment Management LLC purchased a new position in shares of Shift4 Payments during the 2nd quarter valued at $114,000. Finally, Natixis Investment Managers International bought a new position in shares of Shift4 Payments in the fourth quarter worth $116,000. 98.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FOUR has been the subject of several research analyst reports. Susquehanna reissued a “positive” rating and set a $97.00 price objective on shares of Shift4 Payments in a research note on Thursday. William Blair initiated coverage on Shift4 Payments in a report on Wednesday, September 4th. They set an “outperform” rating for the company. Stephens restated an “overweight” rating and issued a $90.00 price objective on shares of Shift4 Payments in a research report on Friday, August 9th. Morgan Stanley lifted their target price on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Finally, DA Davidson increased their price target on shares of Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.05.

Shift4 Payments Trading Up 3.1 %

Shares of FOUR stock opened at $82.91 on Friday. The business has a 50-day moving average of $73.89 and a 200 day moving average of $70.84. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. Shift4 Payments, Inc. has a 1-year low of $42.91 and a 1-year high of $92.30. The stock has a market capitalization of $7.26 billion, a PE ratio of 55.64, a P/E/G ratio of 0.77 and a beta of 1.64.

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 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 during the quarter, compared to analyst estimates of $314.10 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.08 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.