State of New Jersey Common Pension Fund D Sells 2,440 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

State of New Jersey Common Pension Fund D reduced its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,003 shares of the company’s stock after selling 2,440 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Shift4 Payments were worth $2,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its position in shares of Shift4 Payments by 41.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after purchasing an additional 145,444 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Shift4 Payments by 26.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after purchasing an additional 7,905 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Moody National Bank Trust Division boosted its position in shares of Shift4 Payments by 86.5% in the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock worth $1,645,000 after purchasing an additional 7,349 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $812,000. 98.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Thursday. Oppenheimer decreased their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday. Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. DA Davidson boosted their price objective on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada boosted their price objective on shares of Shift4 Payments from $116.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.19.

Shift4 Payments Trading Down 4.0 %

Shares of FOUR stock opened at $94.95 on Friday. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50. The firm has a fifty day moving average price of $110.73 and a 200-day moving average price of $97.66. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 1.09 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data 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. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. The firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. As a group, equities analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Shift4 Payments 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.