Maryland State Retirement & Pension System Sells 576 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Maryland State Retirement & Pension System trimmed its position in Shift4 Payments, Inc. (NYSE:FOUR) by 14.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,391 shares of the company’s stock after selling 576 shares during the period. Maryland State Retirement & Pension System’s holdings in Shift4 Payments were worth $352,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wasatch Advisors LP increased its position in Shift4 Payments by 50.8% in the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after acquiring an additional 1,980,940 shares during the period. Rice Hall James & Associates LLC increased its holdings in Shift4 Payments by 799.9% in the fourth quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company’s stock valued at $23,977,000 after purchasing an additional 205,361 shares during the period. Principal Financial Group Inc. raised its position in Shift4 Payments by 2,954.7% during the 4th quarter. Principal Financial Group Inc. now owns 158,998 shares of the company’s stock worth $16,501,000 after purchasing an additional 153,793 shares during the last quarter. Rhumbline Advisers lifted its holdings in Shift4 Payments by 155.9% during the 4th quarter. Rhumbline Advisers now owns 185,795 shares of the company’s stock worth $19,282,000 after buying an additional 113,193 shares during the period. Finally, Retirement Systems of Alabama bought a new stake in shares of Shift4 Payments in the 4th quarter valued at about $8,665,000. Institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective for the company. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Morgan Stanley lowered their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Oppenheimer cut their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Stephens reissued an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.30.

Shift4 Payments Stock Down 1.7 %

FOUR opened at $86.64 on Wednesday. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The company’s 50-day moving average is $104.66 and its 200 day moving average is $100.01. The firm has a market capitalization of $7.72 billion, a P/E ratio of 28.22, a PEG ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The business had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now owns 264,856 shares of the company’s stock, valued at $24,287,295.20. The trade was a 0.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was 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 directly owns 177,622 shares of the company’s stock, valued at $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,695 shares of company stock worth $1,097,380. 30.57% of the stock is owned by company insiders.

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.