State of Michigan Retirement System Acquires Shares of 16,300 Shift4 Payments, Inc. (NYSE:FOUR)

State of Michigan Retirement System bought a new stake in Shift4 Payments, Inc. (NYSE:FOUR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,300 shares of the company’s stock, valued at approximately $1,692,000.

A number of other institutional investors have also modified their holdings of FOUR. SBI Securities Co. Ltd. purchased a new position in Shift4 Payments in the 4th quarter valued at $326,000. Jones Financial Companies Lllp lifted its stake in shares of Shift4 Payments by 77.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,291 shares of the company’s stock worth $134,000 after acquiring an additional 565 shares during the period. Mutual of America Capital Management LLC purchased a new stake in shares of Shift4 Payments in the fourth quarter valued at about $6,814,000. Proficio Capital Partners LLC acquired a new position in shares of Shift4 Payments during the fourth quarter worth about $37,000. Finally, Oppenheimer & Co. Inc. raised its holdings in Shift4 Payments by 7.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 40,271 shares of the company’s stock worth $4,179,000 after purchasing an additional 2,691 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FOUR shares. Oppenheimer lowered 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. Keefe, Bruyette & Woods lifted their price target on Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th. Morgan Stanley cut their price objective on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, B. Riley increased their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

Shift4 Payments Stock Performance

NYSE FOUR opened at $89.87 on Friday. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The business has a fifty day moving average of $108.96 and a 200-day moving average of $99.24.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, analysts predict 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, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 30.57% 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.