Teacher Retirement System of Texas Acquires Shares of 8,891 Shift4 Payments, Inc. (NYSE:FOUR)

Teacher Retirement System of Texas acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,891 shares of the company's stock, valued at approximately $726,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FOUR. Vanguard Group Inc. boosted its holdings in shares of Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after acquiring an additional 562,774 shares in the last quarter. Darlington Partners Capital Management LP boosted its stake in Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock valued at $260,489,000 after purchasing an additional 367,500 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Shift4 Payments by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock valued at $127,689,000 after purchasing an additional 350,703 shares during the period. Geode Capital Management LLC raised its stake in shares of Shift4 Payments by 10.0% in the 4th quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock worth $120,899,000 after buying an additional 106,217 shares in the last quarter. Finally, Spyglass Capital Management LLC boosted its stake in Shift4 Payments by 22.7% during the fourth quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company's stock valued at $101,897,000 after buying an additional 181,539 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Price Performance

Shares of FOUR traded up $0.47 during trading hours on Friday, hitting $106.58. 789,849 shares of the company were exchanged, compared to its average volume of 1,690,186. The firm's fifty day moving average is $95.55 and its 200 day moving average is $95.75. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 36.01 and a beta of 1.80. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. The business had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The firm's quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the business earned $0.54 EPS. On average, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, Director Karen Roter Davis sold 2,757 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $260,619.21. Following the transaction, the director owned 6,592 shares of the company's stock, valued at approximately $623,141.76. The trade was a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the sale, the chief financial officer owned 167,622 shares of the company's stock, valued at $15,141,295.26. This trade represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,757 shares of company stock valued at $1,258,449 in the last three months. Corporate insiders own 25.15% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on FOUR shares. William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. BTIG Research decreased their price objective on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a report on Thursday. They set a "buy" rating and a $120.00 price target for the company. Susquehanna upped their price target on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada reduced their price target on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $116.70.

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.