Maryland State Retirement & Pension System Cuts Stock Holdings in Shift4 Payments, Inc. $FOUR

Maryland State Retirement & Pension System decreased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 15.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,864 shares of the company’s stock after selling 527 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Shift4 Payments were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Perpetual Ltd purchased a new stake in Shift4 Payments in the first quarter worth approximately $56,863,000. Cat Rock Capital Management LP purchased a new stake in Shift4 Payments in the fourth quarter worth approximately $39,222,000. Darlington Partners Capital Management LP boosted its holdings in Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock worth $260,489,000 after purchasing an additional 367,500 shares during the last quarter. Northern Trust Corp boosted its holdings in Shift4 Payments by 84.4% in the fourth quarter. Northern Trust Corp now owns 520,990 shares of the company’s stock worth $54,068,000 after purchasing an additional 238,478 shares during the last quarter. Finally, Spyglass Capital Management LLC boosted its holdings in Shift4 Payments by 22.7% in the fourth quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company’s stock worth $101,897,000 after purchasing an additional 181,539 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

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

Shift4 Payments Price Performance

FOUR stock opened at $90.21 on Tuesday. Shift4 Payments, Inc. has a 12 month low of $68.09 and a 12 month high of $127.50. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The company has a 50-day moving average price of $97.37 and a 200 day moving average price of $93.37. The stock has a market cap of $7.98 billion, a PE ratio of 33.41, a P/E/G ratio of 0.90 and a beta of 1.81.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.10). The company had revenue of $413.40 million during the quarter, compared to analysts’ expectations of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. Shift4 Payments’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. Equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FOUR. Susquehanna increased their price target on shares of Shift4 Payments from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, April 30th. Wells Fargo & Company increased their price target on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Benchmark upgraded shares of Shift4 Payments from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 30th. DA Davidson reiterated a “buy” rating and issued a $124.00 price target on shares of Shift4 Payments in a research report on Thursday, June 5th. Finally, William Blair restated an “outperform” rating on shares of Shift4 Payments in a research report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $114.40.

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.