State of Michigan Retirement System Takes $1.69 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

State of Michigan Retirement System acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,300 shares of the company's stock, valued at approximately $1,692,000.

Several other large investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in Shift4 Payments in the 4th quarter worth about $326,000. Jones Financial Companies Lllp boosted its position in Shift4 Payments by 77.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,291 shares of the company's stock worth $134,000 after purchasing an additional 565 shares during the period. Mutual of America Capital Management LLC purchased a new position in shares of Shift4 Payments in the fourth quarter worth about $6,814,000. Proficio Capital Partners LLC bought a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $37,000. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Shift4 Payments by 7.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 40,271 shares of the company's stock valued at $4,179,000 after buying an additional 2,691 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the transaction, the president now directly owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 30.57% of the stock is owned by insiders.

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Shift4 Payments Stock Up 1.9 %

NYSE FOUR traded up $1.68 during trading hours on Wednesday, reaching $90.56. 878,458 shares of the company's stock traded hands, compared to its average volume of 1,826,999. The firm has a market cap of $8.07 billion, a PE ratio of 29.48, a PEG ratio of 1.04 and a beta of 1.76. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The firm has a 50-day simple moving average of $108.35 and a 200 day simple moving average of $99.51.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its 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. The firm had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. Sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley reduced their price target on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada reiterated an "outperform" rating and set a $154.00 price target on shares of Shift4 Payments in a research report on Tuesday, March 4th. Stephens restated an "overweight" rating and issued a $125.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods upped their target price on shares of Shift4 Payments from $112.00 to $125.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group raised 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. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.30.

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.