Arizona State Retirement System Grows Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Arizona State Retirement System grew its position in Shift4 Payments, Inc. (NYSE:FOURGet Rating) by 9.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,535 shares of the company’s stock after purchasing an additional 1,094 shares during the quarter. Arizona State Retirement System’s holdings in Shift4 Payments were worth $776,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in shares of Shift4 Payments by 4.3% during the fourth quarter. Principal Financial Group Inc. now owns 4,793 shares of the company’s stock valued at $278,000 after buying an additional 199 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Shift4 Payments by 6.7% during the fourth quarter. CIBC Asset Management Inc now owns 3,494 shares of the company’s stock valued at $202,000 after buying an additional 220 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of Shift4 Payments by 1.0% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 25,698 shares of the company’s stock valued at $1,489,000 after buying an additional 264 shares during the last quarter. FourThought Financial LLC grew its holdings in shares of Shift4 Payments by 22.7% during the first quarter. FourThought Financial LLC now owns 1,578 shares of the company’s stock valued at $98,000 after buying an additional 292 shares during the last quarter. Finally, CNA Financial Corp grew its holdings in shares of Shift4 Payments by 2.6% during the fourth quarter. CNA Financial Corp now owns 18,334 shares of the company’s stock valued at $1,062,000 after buying an additional 460 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Shift4 Payments

In related news, CEO Jared Isaacman bought 27,728 shares of the business’s stock in a transaction dated Thursday, June 16th. The stock was acquired at an average price of $31.60 per share, with a total value of $876,204.80. Following the completion of the purchase, the chief executive officer now directly owns 362,470 shares of the company’s stock, valued at $11,454,052. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 36.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FOUR. Citigroup dropped their price objective on shares of Shift4 Payments from $81.00 to $65.00 in a report on Friday, May 6th. Morgan Stanley decreased their target price on shares of Shift4 Payments from $38.00 to $26.00 and set an “underweight” rating for the company in a research report on Wednesday, July 20th. Wolfe Research decreased their target price on shares of Shift4 Payments from $65.00 to $48.00 in a research report on Wednesday, July 20th. Truist Financial decreased their target price on shares of Shift4 Payments from $80.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Finally, Piper Sandler decreased their target price on shares of Shift4 Payments from $70.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $63.14.

Shift4 Payments Trading Up 2.2 %

Shares of Shift4 Payments stock opened at $38.54 on Wednesday. The firm has a 50-day simple moving average of $36.98 and a two-hundred day simple moving average of $47.05. The company has a market cap of $3.25 billion, a P/E ratio of -89.63 and a beta of 1.99. Shift4 Payments, Inc. has a fifty-two week low of $29.39 and a fifty-two week high of $92.65. The company has a debt-to-equity ratio of 4.15, a quick ratio of 5.51 and a current ratio of 5.52.

Shift4 Payments (NYSE:FOURGet Rating) last released its earnings results on Thursday, May 5th. The company reported $0.07 EPS for the quarter. The business had revenue of $401.90 million during the quarter, compared to analysts’ expectations of $383.60 million. Shift4 Payments had a negative net margin of 1.50% and a positive return on equity of 3.32%. The company’s quarterly revenue was up 67.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.43) earnings per share. As a group, equities analysts predict that Shift4 Payments, Inc. will post 0.49 earnings per share for the current fiscal year.

Shift4 Payments Company Profile

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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.

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Institutional Ownership by Quarter for Shift4 Payments (NYSE:FOUR)

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