Shift4 Payments, Inc. $FOUR Shares Bought by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey grew its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 11.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,026 shares of the company’s stock after acquiring an additional 2,593 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Shift4 Payments were worth $2,480,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. S.A. Mason LLC grew its holdings in shares of Shift4 Payments by 1.9% in the second quarter. S.A. Mason LLC now owns 5,377 shares of the company’s stock valued at $533,000 after purchasing an additional 102 shares during the period. Prasad Wealth Partners LLC boosted its holdings in Shift4 Payments by 1.9% in the 2nd quarter. Prasad Wealth Partners LLC now owns 5,677 shares of the company’s stock valued at $563,000 after purchasing an additional 105 shares during the last quarter. Shaker Investments LLC OH grew its stake in shares of Shift4 Payments by 1.9% in the 2nd quarter. Shaker Investments LLC OH now owns 5,556 shares of the company’s stock valued at $551,000 after buying an additional 105 shares during the period. Truist Financial Corp increased its holdings in shares of Shift4 Payments by 2.8% during the 2nd quarter. Truist Financial Corp now owns 4,560 shares of the company’s stock worth $452,000 after buying an additional 123 shares during the last quarter. Finally, Amalgamated Bank raised its position in shares of Shift4 Payments by 0.4% during the 2nd quarter. Amalgamated Bank now owns 32,173 shares of the company’s stock valued at $3,189,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $65.98 on Wednesday. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 0.68 and a beta of 1.71. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.38 and a quick ratio of 1.38. The business has a 50-day moving average of $76.53 and a 200 day moving average of $87.83. Shift4 Payments, Inc. has a 12 month low of $61.23 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.03). The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.19 billion. Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The firm’s revenue for the quarter was up 61.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. Shift4 Payments has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,438 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $71.50, for a total value of $102,817.00. Following the completion of the transaction, the insider owned 54,736 shares of the company’s stock, valued at $3,913,624. This trade represents a 2.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the transaction, the chief executive officer owned 285,588 shares of the company’s stock, valued at approximately $25,300,240.92. This trade represents a 0.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 25.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on FOUR shares. BTIG Research reiterated a “buy” rating on shares of Shift4 Payments in a research report on Tuesday, August 5th. Mizuho cut their price objective on Shift4 Payments from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Shift4 Payments in a report on Thursday, November 13th. Wells Fargo & Company lowered their target price on shares of Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Finally, Benchmark dropped their price target on shares of Shift4 Payments from $111.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $100.95.

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.