State of New Jersey Common Pension Fund D Sells 5,424 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

State of New Jersey Common Pension Fund D reduced its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,500 shares of the company’s stock after selling 5,424 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Shift4 Payments were worth $2,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SG Americas Securities LLC increased its position in shares of Shift4 Payments by 14.8% during the third quarter. SG Americas Securities LLC now owns 16,355 shares of the company’s stock worth $906,000 after acquiring an additional 2,105 shares in the last quarter. Xponance Inc. increased its position in shares of Shift4 Payments by 4.2% during the third quarter. Xponance Inc. now owns 7,904 shares of the company’s stock worth $438,000 after acquiring an additional 322 shares in the last quarter. Bailard Inc. increased its position in shares of Shift4 Payments by 20.4% during the third quarter. Bailard Inc. now owns 74,482 shares of the company’s stock worth $4,124,000 after acquiring an additional 12,640 shares in the last quarter. Strs Ohio boosted its holdings in Shift4 Payments by 22.6% during the third quarter. Strs Ohio now owns 12,703 shares of the company’s stock worth $703,000 after purchasing an additional 2,338 shares during the last quarter. Finally, Deepwater Asset Management LLC boosted its holdings in Shift4 Payments by 190.8% during the third quarter. Deepwater Asset Management LLC now owns 194,061 shares of the company’s stock worth $10,745,000 after purchasing an additional 127,329 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on FOUR shares. Keefe, Bruyette & Woods started coverage on shares of Shift4 Payments in a report on Tuesday, January 16th. They set an “outperform” rating and a $95.00 price target on the stock. The Goldman Sachs Group dropped their target price on shares of Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Benchmark reissued a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a research report on Tuesday, March 19th. DA Davidson reissued a “buy” rating and issued a $96.00 price target on shares of Shift4 Payments in a research report on Wednesday, February 28th. Finally, Redburn Atlantic raised shares of Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price target on the stock in a research report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and an average target price of $84.95.

Insider Transactions at Shift4 Payments

In other news, insider David Taylor Lauber sold 15,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total value of $1,202,250.00. Following the transaction, the insider now owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 32.14% of the company’s stock.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $59.07 on Monday. The firm’s 50 day simple moving average is $71.11 and its 200 day simple moving average is $67.82. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $5.09 billion, a PE ratio of 41.60, a price-to-earnings-growth ratio of 0.93 and a beta of 1.57. Shift4 Payments, Inc. has a 1-year low of $42.91 and a 1-year high of $92.30.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The firm had revenue of $269.30 million for the quarter, compared to the consensus estimate of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. As a group, analysts expect that Shift4 Payments, Inc. will post 2.84 earnings per share for the current fiscal year.

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.