Mutual of America Capital Management LLC Makes New $6.81 Million Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Mutual of America Capital Management LLC purchased a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 65,660 shares of the company’s stock, valued at approximately $6,814,000. Mutual of America Capital Management LLC owned approximately 0.07% of Shift4 Payments at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FOUR. Wasatch Advisors LP grew its holdings in shares of Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after buying an additional 1,980,940 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after buying an additional 242,179 shares in the last quarter. Rice Hall James & Associates LLC grew its holdings in shares of Shift4 Payments by 799.9% during the fourth quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company’s stock worth $23,977,000 after buying an additional 205,361 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Shift4 Payments by 2,954.7% during the fourth quarter. Principal Financial Group Inc. now owns 158,998 shares of the company’s stock worth $16,501,000 after buying an additional 153,793 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after purchasing an additional 145,444 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FOUR has been the subject of a number of recent analyst reports. Barclays lowered their target price on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a report on Monday, February 24th. B. Riley boosted their target price 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. 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 report on Thursday. DA Davidson lowered their target price on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Seven 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.05.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the 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 sale, the insider now directly owns 222,112 shares in the company, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Shift4 Payments Trading Up 1.5 %

NYSE FOUR opened at $98.97 on Monday. The company’s fifty day simple moving average is $110.23 and its 200-day simple moving average is $98.96. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The stock has a market cap of $8.92 billion, a P/E ratio of 32.24, a PEG ratio of 1.04 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 6.89% and a return on equity of 29.00%. Equities research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal 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.