New York State Teachers Retirement System Grows Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

New York State Teachers Retirement System increased its position in Shift4 Payments, Inc. (NYSE:FOUR) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,009 shares of the company’s stock after acquiring an additional 500 shares during the quarter. New York State Teachers Retirement System owned about 0.05% of Shift4 Payments worth $3,759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FOUR. Perpetual Ltd purchased a new stake in Shift4 Payments in the 1st quarter worth approximately $56,863,000. Vanguard Group Inc. increased its holdings in Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock worth $678,668,000 after acquiring an additional 562,774 shares in the last quarter. Cat Rock Capital Management LP purchased a new stake in Shift4 Payments in the 4th quarter worth approximately $39,222,000. Darlington Partners Capital Management LP grew its holdings in Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after buying an additional 367,500 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Shift4 Payments by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after buying an additional 350,703 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FOUR has been the subject of a number of research analyst reports. Benchmark raised shares of Shift4 Payments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 30th. BTIG Research cut their price objective on shares of Shift4 Payments from $135.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Evercore ISI initiated coverage on shares of Shift4 Payments in a report on Wednesday, April 9th. They set an “in-line” rating and a $80.00 price objective for the company. William Blair reaffirmed an “outperform” rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Finally, Susquehanna increased their price objective on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, April 30th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.35.

Shift4 Payments Stock Up 3.4%

NYSE FOUR opened at $101.89 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.12. The company has a fifty day moving average of $91.52 and a two-hundred day moving average of $95.71. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 0.73 and a beta of 1.80. Shift4 Payments, Inc. has a 52 week low of $57.45 and a 52 week high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The company had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. During the same period in the previous year, the firm earned $0.54 earnings per share. Shift4 Payments’s quarterly revenue was up 39.7% compared to the same quarter last year. On average, analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the completion of the sale, the chief financial officer directly owned 167,622 shares in the company, valued at approximately $15,141,295.26. This trade represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen Roter Davis sold 2,757 shares of Shift4 Payments stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $260,619.21. Following the sale, the director owned 6,592 shares of the company’s stock, valued at approximately $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is currently owned by insiders.

Shift4 Payments 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.