Teachers Retirement System of The State of Kentucky Makes New $2.35 Million Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Teachers Retirement System of The State of Kentucky bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,610 shares of the company's stock, valued at approximately $2,346,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its holdings in shares of Shift4 Payments by 14.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock valued at $81,000 after purchasing an additional 99 shares in the last quarter. Perigon Wealth Management LLC raised its stake in Shift4 Payments by 3.5% in the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock valued at $419,000 after buying an additional 133 shares in the last quarter. MRP Capital Investments LLC raised its stake in Shift4 Payments by 5.9% in the fourth quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after buying an additional 150 shares in the last quarter. Rakuten Securities Inc. boosted its position in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after acquiring an additional 157 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Shift4 Payments by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 26,944 shares of the company's stock valued at $2,796,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

FOUR has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Shift4 Payments from $115.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Barclays lowered their target price on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Stephens reissued an "overweight" rating and issued a $125.00 price target on shares of Shift4 Payments in a research report on Wednesday, February 19th. Oppenheimer dropped their price objective on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, DA Davidson reduced their target price on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $111.95.

Shift4 Payments Price Performance

Shares of FOUR stock traded down $5.42 during midday trading on Wednesday, reaching $84.44. 2,573,639 shares of the company traded hands, compared to its average volume of 1,615,480. The firm's 50 day simple moving average is $84.93 and its two-hundred day simple moving average is $98.55. The firm has a market cap of $7.52 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. Shift4 Payments, Inc. has a 1-year low of $56.10 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. During the same period in the previous year, the business earned $0.54 earnings per share. Shift4 Payments's quarterly revenue was up 39.7% compared to the same quarter last year. On average, equities research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the transaction, the chief financial officer now owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock valued at $1,097,380 over the last quarter. Corporate insiders own 30.57% of the company's stock.

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.