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

Teacher Retirement System of Texas acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,891 shares of the company's stock, valued at approximately $726,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of Shift4 Payments during the fourth quarter valued at about $37,000. HighTower Advisors LLC increased its holdings in shares of Shift4 Payments by 25.9% during the fourth quarter. HighTower Advisors LLC now owns 6,303 shares of the company's stock valued at $654,000 after acquiring an additional 1,295 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Shift4 Payments during the fourth quarter valued at about $255,000. Securian Asset Management Inc. acquired a new position in shares of Shift4 Payments during the fourth quarter valued at about $539,000. Finally, Swiss National Bank increased its holdings in shares of Shift4 Payments by 5.9% during the fourth quarter. Swiss National Bank now owns 115,400 shares of the company's stock valued at $11,976,000 after acquiring an additional 6,400 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Price Performance

Shares of NYSE:FOUR traded up $1.07 during midday trading on Wednesday, reaching $103.33. 1,047,960 shares of the company's stock traded hands, compared to its average volume of 1,690,981. Shift4 Payments, Inc. has a 1 year low of $57.45 and a 1 year high of $127.50. The company has a market cap of $9.16 billion, a P/E ratio of 34.91 and a beta of 1.80. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.36 and a current ratio of 1.36. The company has a fifty day simple moving average of $94.31 and a two-hundred day simple moving average of $95.67.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The company had revenue of $368.50 million for the quarter, compared to analysts' expectations of $886.09 million. During the same quarter in the previous year, the company posted $0.54 EPS. The firm's quarterly revenue was up 39.7% on a year-over-year basis. Equities analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analyst Ratings Changes

FOUR has been the topic of several recent analyst reports. Raymond James Financial cut their price objective on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Friday, April 4th. B. Riley restated a "buy" rating on shares of Shift4 Payments in a report on Monday, June 2nd. William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a research report on Wednesday, April 30th. Susquehanna upped their target price on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research report on Wednesday, April 30th. Finally, Piper Sandler dropped their target price on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $116.10.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the transaction, the chief financial officer owned 167,622 shares in the company, valued at $15,141,295.26. The trade was a 5.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karen Roter Davis sold 2,757 shares of Shift4 Payments 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 in the company, valued at approximately $623,141.76. This represents a 29.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,757 shares of company stock worth $1,258,449 in the last quarter. Company 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.