Shift4 Payments, Inc. $FOUR Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 5.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,585 shares of the company’s stock after selling 460 shares during the quarter. State of Alaska Department of Revenue’s holdings in Shift4 Payments were worth $751,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Durable Capital Partners LP grew its position in shares of Shift4 Payments by 15.4% in the first quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company’s stock valued at $483,706,000 after purchasing an additional 788,952 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Shift4 Payments by 13.0% in the first quarter. Ameriprise Financial Inc. now owns 1,253,401 shares of the company’s stock valued at $102,420,000 after purchasing an additional 144,111 shares during the last quarter. Perpetual Ltd acquired a new stake in shares of Shift4 Payments in the first quarter valued at approximately $56,863,000. Senator Investment Group LP grew its position in shares of Shift4 Payments by 32.4% in the first quarter. Senator Investment Group LP now owns 678,334 shares of the company’s stock valued at $55,427,000 after purchasing an additional 165,973 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in shares of Shift4 Payments by 64.7% in the first quarter. Baird Financial Group Inc. now owns 580,814 shares of the company’s stock valued at $47,458,000 after purchasing an additional 228,079 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman Jared Isaacman purchased 104,705 shares of the business’s stock in a transaction on Monday, August 11th. The shares were bought at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the completion of the purchase, the chairman directly owned 939,715 shares in the company, valued at approximately $78,569,571.15. This trade represents a 12.54% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the transaction, the chief executive officer directly owned 285,588 shares in the company, valued at approximately $25,300,240.92. This represents a 0.87% decrease in their position. The disclosure for this sale can be found here. 25.15% of the stock is currently owned by insiders.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $78.08 on Wednesday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The company has a market cap of $6.90 billion, a P/E ratio of 28.92, a P/E/G ratio of 0.78 and a beta of 1.69. Shift4 Payments, Inc. has a fifty-two week low of $68.09 and a fifty-two week high of $127.50. The firm’s 50 day moving average is $87.07 and its two-hundred day moving average is $89.34.

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

Analysts Set New Price Targets

Several research firms have recently commented on FOUR. Raymond James Financial reiterated a “strong-buy” rating and issued a $140.00 price target (up from $130.00) on shares of Shift4 Payments in a research report on Friday, August 1st. Piper Sandler lowered their price target on shares of Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th. BTIG Research restated a “buy” rating on shares of Shift4 Payments in a research report on Tuesday, August 5th. UBS Group cut their price target on Shift4 Payments from $125.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Shift4 Payments in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.37.

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.