15,165 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,165 shares of the company's stock, valued at approximately $1,574,000.

Other hedge funds have also bought and sold shares of the company. Xponance Inc. grew its stake in Shift4 Payments by 69.4% during the fourth quarter. Xponance Inc. now owns 12,863 shares of the company's stock worth $1,335,000 after purchasing an additional 5,268 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of Shift4 Payments during the 4th quarter worth approximately $1,677,000. Parallel Advisors LLC increased its stake in shares of Shift4 Payments by 97.7% in the 4th quarter. Parallel Advisors LLC now owns 3,321 shares of the company's stock valued at $345,000 after acquiring an additional 1,641 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of Shift4 Payments by 356.0% in the 4th quarter. Corient Private Wealth LLC now owns 86,000 shares of the company's stock valued at $8,925,000 after acquiring an additional 67,140 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Shift4 Payments by 114.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,755 shares of the company's stock valued at $1,635,000 after acquiring an additional 8,403 shares during the period. Institutional investors own 98.87% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FOUR shares. Bank of America downgraded shares of Shift4 Payments from a "buy" rating to a "neutral" rating and decreased their price target for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Piper Sandler restated an "overweight" rating and issued a $143.00 target price (up from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Royal Bank of Canada restated an "outperform" rating and set a $154.00 price objective on shares of Shift4 Payments in a report on Tuesday, March 4th. Barclays reduced their price objective on shares of Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Finally, Raymond James raised shares of Shift4 Payments from an "outperform" rating to a "strong-buy" rating and set a $140.00 price target on the stock in a research report on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.30.

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Shift4 Payments Stock Performance

FOUR traded down $1.98 on Friday, hitting $84.50. The company's stock had a trading volume of 1,283,468 shares, compared to its average volume of 1,562,389. The company's 50 day simple moving average is $103.34 and its 200-day simple moving average is $100.05. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The firm has a market cap of $7.53 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now directly owns 264,856 shares of the company's stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 in the last quarter. 30.57% of the stock is currently owned by corporate 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.