Mutual of America Capital Management LLC Acquires Shares of 65,660 Shift4 Payments, Inc. (NYSE:FOUR)

Mutual of America Capital Management LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 65,660 shares of the company's stock, valued at approximately $6,814,000. Mutual of America Capital Management LLC owned 0.07% of Shift4 Payments as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Heck Capital Advisors LLC bought a new stake in Shift4 Payments during the 4th quarter valued at approximately $26,000. Central Pacific Bank Trust Division acquired a new stake in shares of Shift4 Payments in the fourth quarter worth $28,000. UMB Bank n.a. bought a new position in Shift4 Payments during the fourth quarter worth $29,000. Transcendent Capital Group LLC bought a new position in Shift4 Payments during the third quarter worth $27,000. Finally, Valley National Advisers Inc. acquired a new position in Shift4 Payments during the 4th quarter valued at $31,000. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Price Performance

NYSE:FOUR traded down $5.20 on Thursday, reaching $89.43. The stock had a trading volume of 869,794 shares, compared to its average volume of 1,816,271. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $7.97 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50. The stock has a fifty day moving average price of $109.61 and a 200-day moving average price of $99.11.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a "buy" rating in a report on Thursday, November 14th. DA Davidson decreased their target price on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Piper Sandler reaffirmed an "overweight" rating and issued a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Susquehanna raised their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a research report on Wednesday, November 13th. Finally, B. Riley boosted their price objective on Shift4 Payments from $110.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Shift4 Payments has an average rating of "Moderate Buy" and a consensus target price of $114.00.

Insiders Place Their Bets

In related news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares of the company's stock, valued at $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 30.57% of the company's stock.

About Shift4 Payments

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.