VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Shift4 Payments, Inc. $FOUR

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,500 shares of the company’s stock, valued at approximately $842,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FOUR. SRH Advisors LLC bought a new stake in shares of Shift4 Payments in the first quarter valued at approximately $26,000. Banque Transatlantique SA bought a new stake in shares of Shift4 Payments in the first quarter valued at approximately $27,000. Harbour Investments Inc. bought a new stake in shares of Shift4 Payments in the first quarter valued at approximately $32,000. Valley National Advisers Inc. raised its position in shares of Shift4 Payments by 41.7% in the first quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock valued at $34,000 after purchasing an additional 125 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares during the period. Institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. DA Davidson set a $124.00 price target on shares of Shift4 Payments in a research report on Wednesday. Weiss Ratings raised shares of Shift4 Payments from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Morgan Stanley reduced their price objective on shares of Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Friday, October 3rd. Mizuho reduced their price objective on shares of Shift4 Payments from $107.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $110.05.

Shift4 Payments Price Performance

FOUR stock opened at $76.04 on Friday. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. Shift4 Payments, Inc. has a one year low of $68.09 and a one year high of $127.50. The stock has a market cap of $6.72 billion, a PE ratio of 28.16, a P/E/G ratio of 0.76 and a beta of 1.69. The firm has a 50 day simple moving average of $83.56 and a two-hundred day simple moving average of $88.79.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $967.84 million. During the same period in the prior year, the firm earned $0.96 EPS. Shift4 Payments’s quarterly revenue was up 28.9% on a year-over-year basis. On average, analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Shift4 Payments news, CEO David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total value 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 $25,300,240.92. The trade was a 0.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Jared Isaacman purchased 104,705 shares of the business’s stock in a transaction on Monday, August 11th. The stock was bought at an average cost of $83.61 per share, with a total value of $8,754,385.05. Following the purchase, the chairman owned 939,715 shares in the company, valued at approximately $78,569,571.15. This represents a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.