State of New Jersey Common Pension Fund D Boosts Stock Holdings in Shift4 Payments, Inc. $FOUR

State of New Jersey Common Pension Fund D raised its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 1.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 21,515 shares of the company’s stock after purchasing an additional 392 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Shift4 Payments were worth $2,132,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FOUR. Durable Capital Partners LP increased its position in Shift4 Payments by 15.4% during the 1st 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 period. Baird Financial Group Inc. increased its position in Shift4 Payments by 64.7% during the 1st 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 period. Kodai Capital Management LP purchased a new position in Shift4 Payments during the 1st quarter valued at about $14,279,000. Senator Investment Group LP increased its position in Shift4 Payments by 32.4% during the 1st 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 period. Finally, Nuveen LLC purchased a new position in Shift4 Payments during the 1st quarter valued at about $12,312,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FOUR shares. DA Davidson cut their target price on shares of Shift4 Payments from $124.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday. Truist Financial set a $80.00 price target on shares of Shift4 Payments in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a report on Thursday, July 17th. They issued a “buy” rating and a $120.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $104.00 price target on shares of Shift4 Payments in a report on Wednesday, August 6th. Finally, BTIG Research restated a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and an average price target of $107.85.

Shift4 Payments Stock Down 7.1%

FOUR stock opened at $69.82 on Thursday. The firm has a 50 day moving average of $82.28 and a 200 day moving average of $88.83. The stock has a market capitalization of $6.17 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 0.76 and a beta of 1.69. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. Shift4 Payments, Inc. has a 52 week low of $68.09 and a 52 week high of $127.50.

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

Insider Buying and Selling

In related news, insider James J. Whalen sold 794 shares of Shift4 Payments stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the sale, the insider directly owned 56,324 shares in the company, valued at $5,062,964.36. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Jared Isaacman bought 104,705 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was 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 $78,569,571.15. This represents a 12.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 25.15% of the stock is owned by company 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.