Louisiana State Employees Retirement System Purchases New Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Louisiana State Employees Retirement System acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,100 shares of the company's stock, valued at approximately $1,982,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FOUR. Truist Financial Corp acquired a new position in Shift4 Payments in the second quarter worth $283,000. CWM LLC lifted its stake in shares of Shift4 Payments by 95.8% during the third quarter. CWM LLC now owns 2,214 shares of the company's stock valued at $196,000 after acquiring an additional 1,083 shares during the period. Creative Planning acquired a new position in shares of Shift4 Payments during the third quarter valued at $293,000. Bleakley Financial Group LLC acquired a new position in shares of Shift4 Payments during the third quarter valued at $889,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Shift4 Payments by 245.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company's stock valued at $14,294,000 after acquiring an additional 114,659 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Trading Up 3.0 %

Shares of Shift4 Payments stock traded up $3.65 during trading hours on Tuesday, hitting $124.93. The company's stock had a trading volume of 900,439 shares, compared to its average volume of 1,191,874. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $125.52. The stock has a 50 day moving average of $110.32 and a 200 day moving average of $96.93. The company has a market capitalization of $11.26 billion, a PE ratio of 67.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Benchmark lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. Oppenheimer upped their price target on Shift4 Payments from $120.00 to $121.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Susquehanna upped their price target on Shift4 Payments from $105.00 to $120.00 and gave the company a "positive" rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research note on Monday, February 3rd. They set a "hold" rating and a $120.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on Shift4 Payments from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $108.24.

Insiders Place Their Bets

In related news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the transaction, the insider now directly owns 210,045 shares in the company, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now owns 37,089 shares of the company's stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 over the last ninety days. 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.