14,000 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,000 shares of the company's stock, valued at approximately $1,453,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wasatch Advisors LP boosted its stake in Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company's stock worth $521,250,000 after purchasing an additional 1,980,940 shares during the period. Jennison Associates LLC raised its holdings in shares of Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock valued at $251,098,000 after buying an additional 242,179 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company's stock worth $128,921,000 after buying an additional 12,804 shares during the period. Geode Capital Management LLC grew its holdings in shares of Shift4 Payments by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company's stock worth $93,797,000 after buying an additional 53,610 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in Shift4 Payments by 41.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company's stock valued at $43,666,000 after acquiring an additional 145,444 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research analysts have weighed in on the company. Susquehanna lifted their target price on Shift4 Payments from $105.00 to $120.00 and gave the company a "positive" rating in a research note on Wednesday, November 13th. The Goldman Sachs Group increased their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Oppenheimer dropped their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Stephens restated an "overweight" rating and issued a $125.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $154.00 target price on shares of Shift4 Payments in a report on Tuesday. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $115.05.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock traded down $1.37 on Tuesday, hitting $94.84. The company's stock had a trading volume of 1,380,093 shares, compared to its average volume of 1,839,397. The company has a market capitalization of $8.55 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The firm has a fifty day moving average price of $110.07 and a 200-day moving average price of $99.06. 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 (NYSE:FOUR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) 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 29.00%. The company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. On average, equities research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the company'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 transaction 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. This represents 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 firm'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 sale, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

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.