VIRGINIA RETIREMENT SYSTEMS ET Al Invests $842,000 in Shift4 Payments, Inc. $FOUR

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,500 shares of the company’s stock, valued at approximately $842,000.

A number of other hedge funds have also recently made changes to their positions in the business. Mutual of America Capital Management LLC lifted its holdings in shares of Shift4 Payments by 1.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 77,888 shares of the company’s stock worth $7,719,000 after acquiring an additional 1,282 shares during the last quarter. VELA Investment Management LLC bought a new stake in shares of Shift4 Payments in the 2nd quarter worth approximately $1,675,000. AssuredPartners Investment Advisors LLC lifted its holdings in shares of Shift4 Payments by 34.7% in the 2nd quarter. AssuredPartners Investment Advisors LLC now owns 8,648 shares of the company’s stock worth $857,000 after acquiring an additional 2,229 shares during the last quarter. Nordea Investment Management AB raised its holdings in Shift4 Payments by 0.9% during the 2nd quarter. Nordea Investment Management AB now owns 59,360 shares of the company’s stock valued at $5,897,000 after buying an additional 536 shares during the last quarter. Finally, Curated Wealth Partners LLC bought a new stake in Shift4 Payments during the 2nd quarter valued at $256,000. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Stock Up 0.9%

Shares of NYSE FOUR opened at $76.04 on Friday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. Shift4 Payments, Inc. has a 12 month low of $68.09 and a 12 month high of $127.50. The firm has a market capitalization of $6.72 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 0.76 and a beta of 1.69. The firm has a fifty day simple moving average of $83.56 and a two-hundred day simple moving average of $88.79.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.10). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The company had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. During the same quarter last year, the company posted $0.96 earnings per share. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. Equities analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Oppenheimer lowered their price target on shares of Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Friday, October 17th. BTIG Research reiterated a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Truist Financial upped their price target on shares of Shift4 Payments from $97.00 to $109.00 and gave the company a “hold” rating in a report on Thursday, July 17th. Piper Sandler lowered their price target on shares of Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Finally, Mizuho lowered their price target on shares of Shift4 Payments from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $110.05.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, Chairman Jared Isaacman purchased 104,705 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was bought at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the purchase, the chairman directly owned 939,715 shares in the company, valued at $78,569,571.15. The trade was a 12.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James J. Whalen sold 794 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.89, for a total transaction of $71,372.66. Following the completion of the transaction, the insider owned 56,324 shares of the company’s stock, valued at approximately $5,062,964.36. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 25.15% of the company’s stock.

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.