Teacher Retirement System of Texas Buys Shares of 8,891 Shift4 Payments, Inc. (NYSE:FOUR)

Teacher Retirement System of Texas acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,891 shares of the company’s stock, valued at approximately $726,000.

A number of other large investors have also made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments in the 4th quarter valued at about $26,000. Elequin Capital LP boosted its position in Shift4 Payments by 62.3% in the 4th quarter. Elequin Capital LP now owns 297 shares of the company’s stock valued at $31,000 after buying an additional 114 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Shift4 Payments during the fourth quarter valued at about $36,000. Valley National Advisers Inc. increased its position in shares of Shift4 Payments by 41.7% during the first quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock worth $34,000 after acquiring an additional 125 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Shift4 Payments in the fourth quarter worth about $54,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FOUR shares. Evercore ISI began coverage on Shift4 Payments in a research note on Wednesday, April 9th. They set an “in-line” rating and a $80.00 price objective on the stock. William Blair reaffirmed an “outperform” rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Benchmark raised shares of Shift4 Payments from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 30th. Truist Financial started coverage on shares of Shift4 Payments in a report on Monday, June 2nd. They issued a “hold” rating and a $97.00 target price on the stock. Finally, Wall Street Zen lowered Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $116.10.

Insiders Place Their Bets

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the completion of the transaction, the director directly owned 7,474 shares of the company’s stock, valued at $706,517.22. This represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karen Roter Davis sold 2,757 shares of the firm’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $260,619.21. Following the completion of the transaction, the director directly owned 6,592 shares of the company’s stock, valued at approximately $623,141.76. This trade represents a 29.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,757 shares of company stock worth $1,258,449. Corporate insiders own 25.15% of the company’s stock.

Shift4 Payments Stock Down 1.0%

FOUR opened at $102.27 on Wednesday. The company has a market capitalization of $9.06 billion, a P/E ratio of 34.55 and a beta of 1.80. The firm’s fifty day moving average price is $94.31 and its two-hundred day moving average price is $95.67. Shift4 Payments, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $127.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.36 and a quick ratio of 1.36.

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

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.