Arizona State Retirement System Has $1.06 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

Arizona State Retirement System lessened its position in Shift4 Payments, Inc. (NYSE:FOUR) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,207 shares of the company’s stock after selling 469 shares during the period. Arizona State Retirement System’s holdings in Shift4 Payments were worth $1,056,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lewis Asset Management LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at $402,000. Oak Thistle LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at $513,000. HMS Capital Management LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at $240,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at $352,000. Finally, Raymond James & Associates boosted its stake in shares of Shift4 Payments by 9.1% in the 4th quarter. Raymond James & Associates now owns 55,811 shares of the company’s stock valued at $4,149,000 after purchasing an additional 4,654 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the transaction, the insider now directly owns 243,880 shares in the company, valued at approximately $19,546,982. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.14% of the stock is owned by insiders.

Shift4 Payments Price Performance

Shares of FOUR opened at $61.90 on Tuesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.63 and a current ratio of 1.64. The stock has a 50 day simple moving average of $73.92 and a 200 day simple moving average of $67.36. Shift4 Payments, Inc. has a 52-week low of $42.91 and a 52-week high of $92.30. The firm has a market capitalization of $5.34 billion, a PE ratio of 43.59, a P/E/G ratio of 1.01 and a beta of 1.57.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. The business had revenue of $269.30 million during the quarter, compared to analyst estimates of $278.85 million. Sell-side analysts predict that Shift4 Payments, Inc. will post 2.86 EPS for the current fiscal year.

Analysts Set New Price Targets

FOUR has been the topic of several recent analyst reports. Evercore ISI reduced their target price on shares of Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Wells Fargo & Company lifted their price target on Shift4 Payments from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Morgan Stanley lifted their price target on Shift4 Payments from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods assumed coverage on Shift4 Payments in a report on Tuesday, January 16th. They set an “outperform” rating and a $95.00 price objective for the company. Finally, Benchmark reissued a “buy” rating and set a $99.00 price objective on shares of Shift4 Payments in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.52.

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.