New York State Teachers Retirement System Invests $4.72 Million in Shift4 Payments, Inc. (NYSE:FOUR)

New York State Teachers Retirement System acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 45,509 shares of the company's stock, valued at approximately $4,723,000. New York State Teachers Retirement System owned about 0.05% of Shift4 Payments at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in Shift4 Payments in the fourth quarter valued at approximately $26,000. Central Pacific Bank Trust Division acquired a new stake in Shift4 Payments in the fourth quarter valued at approximately $28,000. UMB Bank n.a. acquired a new stake in Shift4 Payments in the fourth quarter valued at approximately $29,000. Waldron Private Wealth LLC acquired a new stake in Shift4 Payments in the third quarter valued at approximately $25,000. Finally, Transcendent Capital Group LLC acquired a new stake in Shift4 Payments in the third quarter valued at approximately $27,000. 98.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 37,089 shares of the company's stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the company's stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock worth $1,211,364 in the last quarter. Insiders own 30.57% of the company's stock.

Shift4 Payments Stock Down 4.0 %

Shares of NYSE FOUR traded down $3.94 during trading on Friday, hitting $94.95. 3,891,714 shares of the company traded hands, compared to its average volume of 1,733,772. The business's fifty day moving average is $110.87 and its 200 day moving average is $97.43. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 1.09 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data 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 6.89% and a return on equity of 29.38%. The firm had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Equities research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FOUR. Bank of America lowered shares of Shift4 Payments from a "buy" rating to a "neutral" rating and cut their target price for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Royal Bank of Canada raised their target price on shares of Shift4 Payments from $116.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of Shift4 Payments from $112.00 to $125.00 and gave the company a "market perform" rating in a research report on Thursday. Oppenheimer cut their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They issued a "hold" rating and a $120.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $114.19.

Shift4 Payments Company 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.