First Hawaiian Bank Raises Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

First Hawaiian Bank grew its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,195 shares of the company’s stock after buying an additional 580 shares during the quarter. First Hawaiian Bank’s holdings in Shift4 Payments were worth $528,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Voss Capital LLC purchased a new stake in Shift4 Payments during the fourth quarter valued at approximately $11,151,000. Peregrine Capital Management LLC purchased a new stake in Shift4 Payments during the 4th quarter valued at $6,040,000. Donoghue Forlines LLC bought a new stake in Shift4 Payments in the fourth quarter worth $1,506,000. Norges Bank purchased a new position in Shift4 Payments during the fourth quarter worth $26,935,000. Finally, Thematics Asset Management bought a new position in Shift4 Payments during the fourth quarter valued at $17,842,000. Institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FOUR. Wedbush began coverage on shares of Shift4 Payments in a research note on Friday, May 24th. They set a “neutral” rating and a $75.00 price target for the company. Mizuho cut their target price on Shift4 Payments from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. DA Davidson reissued a “buy” rating and set a $96.00 price target on shares of Shift4 Payments in a research note on Wednesday, May 15th. The Goldman Sachs Group upped their price objective on Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Redburn Atlantic upgraded Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 target price for the company in a research report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.47.

Shift4 Payments Price Performance

FOUR stock traded down $1.50 during midday trading on Monday, reaching $61.21. The stock had a trading volume of 1,577,319 shares, compared to its average volume of 1,361,231. Shift4 Payments, Inc. has a 52-week low of $42.91 and a 52-week high of $92.30. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.96. The company’s fifty day simple moving average is $70.10 and its 200 day simple moving average is $70.35. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 42.09, a price-to-earnings-growth ratio of 0.82 and a beta of 1.63.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. The business had revenue of $263.70 million during the quarter, compared to analysts’ expectations of $268.55 million. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post 3.04 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $72.06, for a total value of $72,060.00. Following the transaction, the director now directly owns 9,474 shares of the company’s stock, valued at approximately $682,696.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $72.06, for a total transaction of $72,060.00. Following the transaction, the director now directly owns 9,474 shares in the company, valued at $682,696.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jared Isaacman bought 85,916 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were bought at an average price of $67.09 per share, for a total transaction of $5,764,104.44. Following the completion of the transaction, the chief executive officer now directly owns 582,827 shares in the company, valued at approximately $39,101,863.43. The disclosure for this purchase can be found here. Insiders own 30.57% of the company’s stock.

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.