11,376 Shares in Shift4 Payments, Inc. $FOUR Purchased by Strs Ohio

Strs Ohio acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,376 shares of the company's stock, valued at approximately $930,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments during the fourth quarter worth about $26,000. Elequin Capital LP boosted its stake in Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after buying an additional 114 shares during the period. SRH Advisors LLC purchased a new position in Shift4 Payments during the first quarter worth about $26,000. Banque Transatlantique SA purchased a new position in Shift4 Payments during the first quarter worth about $27,000. Finally, Harbour Investments Inc. purchased a new position in Shift4 Payments during the first quarter worth about $32,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on FOUR. Truist Financial increased their target price on shares of Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. UBS Group lowered their target price on shares of Shift4 Payments from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. BTIG Research reaffirmed a "buy" rating on shares of Shift4 Payments in a research note on Tuesday, August 5th. Morgan Stanley lowered their target price on shares of Shift4 Payments from $100.00 to $92.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Finally, B. Riley reaffirmed a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $115.21.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CEO David Taylor Lauber sold 2,500 shares of the firm's 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 transaction, the chief executive officer directly owned 285,588 shares in the company, valued at approximately $25,300,240.92. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James J. Whalen sold 794 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $89.89, for a total transaction of $71,372.66. Following the transaction, the insider owned 56,324 shares of the company's stock, valued at $5,062,964.36. This trade represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 25.15% of the stock is currently owned by insiders.

Shift4 Payments Stock Down 0.6%

Shares of Shift4 Payments stock opened at $86.33 on Friday. The company has a market cap of $7.63 billion, a P/E ratio of 31.97, a PEG ratio of 0.86 and a beta of 1.72. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53. Shift4 Payments, Inc. has a one year low of $68.09 and a one year high of $127.50. The firm has a fifty day moving average of $93.52 and a two-hundred day moving average of $90.11.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10). The firm had revenue of $413.40 million for the quarter, compared to analysts' expectations of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The firm's quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. On average, analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

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.

Want to see what other hedge funds are holding FOUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shift4 Payments, Inc. (NYSE:FOUR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.