Shift4 Payments, Inc. (NYSE:FOUR) Holdings Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 27.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,006 shares of the company’s stock after selling 10,494 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Shift4 Payments were worth $2,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. J.Safra Asset Management Corp increased its stake in Shift4 Payments by 79.0% in the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after buying an additional 347 shares during the period. CWM LLC boosted its position in Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after purchasing an additional 241 shares during the last quarter. Clear Street Markets LLC purchased a new position in Shift4 Payments in the fourth quarter valued at about $112,000. International Assets Investment Management LLC purchased a new stake in shares of Shift4 Payments during the 2nd quarter worth about $114,000. Finally, Natixis Investment Managers International acquired a new stake in shares of Shift4 Payments during the 4th quarter valued at about $116,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of analyst reports. Stephens reiterated an “overweight” rating and issued a $90.00 target price on shares of Shift4 Payments in a research note on Friday, August 9th. Susquehanna restated a “positive” rating and set a $97.00 target price on shares of Shift4 Payments in a report on Thursday, September 12th. DA Davidson increased 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. Morgan Stanley upped their target price on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, William Blair assumed coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating for the company. Three investment 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 stock presently has an average rating of “Moderate Buy” and an average price target of $87.11.

Shift4 Payments Stock Performance

Shares of NYSE:FOUR opened at $86.95 on Friday. Shift4 Payments, Inc. has a twelve month low of $42.91 and a twelve month high of $92.30. The business has a fifty day moving average of $75.30 and a 200-day moving average of $70.94. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market cap of $7.61 billion, a PE ratio of 58.36, a price-to-earnings-growth ratio of 0.77 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The business had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. During the same period in the prior year, the firm earned $0.58 earnings per share. Shift4 Payments’s revenue was up 40.6% compared to the same quarter last year. On average, equities research analysts predict that Shift4 Payments, Inc. will post 3.08 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.