New Mexico Educational Retirement Board Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

New Mexico Educational Retirement Board purchased a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,400 shares of the company's stock, valued at approximately $1,391,000.

A number of other institutional investors have also bought and sold shares of FOUR. Asset Management One Co. Ltd. grew its position in shares of Shift4 Payments by 14.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock valued at $81,000 after purchasing an additional 99 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of Shift4 Payments by 3.5% during the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock valued at $419,000 after purchasing an additional 133 shares in the last quarter. Blue Trust Inc. grew its position in shares of Shift4 Payments by 67.3% during the fourth quarter. Blue Trust Inc. now owns 425 shares of the company's stock valued at $44,000 after purchasing an additional 171 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of Shift4 Payments by 7.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company's stock valued at $303,000 after purchasing an additional 243 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments during the fourth quarter valued at about $26,000. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Trading Down 17.5 %

Shares of Shift4 Payments stock traded down $22.02 on Wednesday, hitting $103.64. 9,831,615 shares of the company traded hands, compared to its average volume of 1,549,365. The stock's 50 day moving average price is $110.91 and its 200-day moving average price is $97.42. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $127.50. The company has a market cap of $9.34 billion, a PE ratio of 56.33, a PEG ratio of 1.28 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. The firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Equities research analysts predict that Shift4 Payments, Inc. will post 2.95 EPS for the current year.

Insider Activity

In related news, insider James J. Whalen sold 1,462 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now owns 37,089 shares of the company's stock, valued at $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction 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. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,462 shares of company stock valued at $1,211,364. Corporate insiders own 30.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FOUR shares. Piper Sandler restated an "overweight" rating and set a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday. Benchmark lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Susquehanna lifted their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a research report on Wednesday, November 13th. B. Riley lifted their price target on Shift4 Payments from $110.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research report on Monday, February 3rd. They issued a "hold" rating and a $120.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Shift4 Payments has a consensus rating of "Moderate Buy" and an average price target of $112.90.

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.