Police & Firemen s Retirement System of New Jersey Boosts Position in Shift4 Payments, Inc. $FOUR

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

Other institutional investors have also recently made changes to their positions in the company. Durable Capital Partners LP raised its stake in shares of Shift4 Payments by 15.4% during the 1st quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company’s stock valued at $483,706,000 after buying an additional 788,952 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Shift4 Payments by 64.7% during the first quarter. Baird Financial Group Inc. now owns 580,814 shares of the company’s stock worth $47,458,000 after acquiring an additional 228,079 shares during the period. Kodai Capital Management LP purchased a new position in Shift4 Payments during the first quarter valued at approximately $14,279,000. Senator Investment Group LP lifted its holdings in Shift4 Payments by 32.4% in the first quarter. Senator Investment Group LP now owns 678,334 shares of the company’s stock valued at $55,427,000 after acquiring an additional 165,973 shares during the period. Finally, Nuveen LLC purchased a new stake in Shift4 Payments in the 1st quarter worth approximately $12,312,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Trading Down 2.5%

Shares of Shift4 Payments stock opened at $65.98 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.27. Shift4 Payments, Inc. has a twelve month low of $61.23 and a twelve month high of $127.50. The firm has a market capitalization of $5.85 billion, a PE ratio of 30.98, a P/E/G ratio of 0.68 and a beta of 1.71. The firm’s 50-day moving average price is $76.53 and its 200 day moving average price is $87.83.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.03). The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.Shift4 Payments’s quarterly revenue was up 61.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share. Shift4 Payments has set its FY 2025 guidance at EPS. On average, sell-side 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, insider James J. Whalen sold 1,438 shares of Shift4 Payments stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.50, for a total transaction of $102,817.00. Following the sale, the insider owned 54,736 shares of the company’s stock, valued at $3,913,624. The trade was a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Taylor Lauber sold 2,500 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the sale, the chief executive officer owned 285,588 shares of the company’s stock, valued at $25,300,240.92. This trade represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 25.15% of the company’s stock.

Wall Street Analyst Weigh In

FOUR has been the subject of several recent research reports. Benchmark cut their target price on shares of Shift4 Payments from $111.00 to $100.00 and set a “buy” rating for the company in a report on Monday, November 10th. Oppenheimer cut their price objective 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. Truist Financial set a $80.00 target price on shares of Shift4 Payments in a research note on Friday, October 24th. Royal Bank Of Canada dropped their target price on Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Finally, Piper Sandler reduced their price target on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.