Arizona State Retirement System Boosts Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Arizona State Retirement System lifted its stake in Shift4 Payments, Inc. (NYSE:FOURGet Rating) by 9.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 12,535 shares of the company’s stock after acquiring an additional 1,094 shares during the period. Arizona State Retirement System’s holdings in Shift4 Payments were worth $776,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Shift4 Payments by 57.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,978 shares of the company’s stock valued at $288,000 after buying an additional 1,822 shares during the last quarter. Walleye Capital LLC grew its position in shares of Shift4 Payments by 54.6% in the 4th quarter. Walleye Capital LLC now owns 16,085 shares of the company’s stock valued at $932,000 after buying an additional 5,678 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Shift4 Payments by 105.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,699 shares of the company’s stock valued at $794,000 after buying an additional 7,025 shares during the last quarter. IMA Wealth Inc. purchased a new position in Shift4 Payments during the 4th quarter worth $2,532,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Shift4 Payments by 4.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 126,955 shares of the company’s stock worth $7,354,000 after purchasing an additional 4,977 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Stock Up 2.2 %

Shares of NYSE FOUR opened at $38.54 on Wednesday. The company has a quick ratio of 5.51, a current ratio of 5.52 and a debt-to-equity ratio of 4.15. Shift4 Payments, Inc. has a 52 week low of $29.39 and a 52 week high of $92.65. The firm has a 50-day moving average price of $36.98 and a 200 day moving average price of $47.05. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of -89.63 and a beta of 1.99.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Shift4 Payments from $55.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Truist Financial lowered their price objective on shares of Shift4 Payments from $80.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Wolfe Research lowered their price objective on shares of Shift4 Payments from $65.00 to $48.00 in a research report on Wednesday, July 20th. Citigroup lowered their price objective on shares of Shift4 Payments from $81.00 to $65.00 in a research report on Friday, May 6th. Finally, Piper Sandler lowered their price objective on shares of Shift4 Payments from $70.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.14.

Insider Activity at Shift4 Payments

In related news, CEO Jared Isaacman acquired 27,728 shares of Shift4 Payments stock in a transaction that occurred on Thursday, June 16th. The stock was purchased at an average price of $31.60 per share, for a total transaction 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 document filed with the SEC, which is available through the SEC website. Company insiders own 36.59% of the company’s stock.

Shift4 Payments Company Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding FOUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shift4 Payments, Inc. (NYSE:FOURGet Rating).

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

Receive News & Ratings for Shift4 Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shift4 Payments and related companies with MarketBeat.com's FREE daily email newsletter.