State of New Jersey Common Pension Fund D Reduces Stake in Shift4 Payments, Inc. (NYSE:FOUR)

State of New Jersey Common Pension Fund D lowered its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,443 shares of the company’s stock after selling 3,563 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Shift4 Payments were worth $2,166,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Transcendent Capital Group LLC purchased a new stake in Shift4 Payments in the third quarter worth $27,000. Covestor Ltd increased its holdings in Shift4 Payments by 68.4% in the 3rd quarter. Covestor Ltd now owns 2,730 shares of the company’s stock worth $242,000 after acquiring an additional 1,109 shares during the last quarter. Atria Investments Inc bought a new stake in Shift4 Payments in the 3rd quarter valued at about $385,000. Verdence Capital Advisors LLC lifted its holdings in Shift4 Payments by 7.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock valued at $303,000 after purchasing an additional 243 shares during the last quarter. Finally, HMS Capital Management LLC boosted its position in Shift4 Payments by 35.3% during the third quarter. HMS Capital Management LLC now owns 4,613 shares of the company’s stock worth $409,000 after purchasing an additional 1,203 shares during the period. Institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on FOUR shares. DA Davidson boosted their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday. B. Riley boosted their target price on shares of Shift4 Payments from $104.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group raised their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company boosted their price objective on Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Oppenheimer started coverage on Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price for the company. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Stock Performance

Shares of NYSE FOUR opened at $98.86 on Friday. The stock’s 50-day moving average is $89.89 and its 200 day moving average is $77.22. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 53.68, a P/E/G ratio of 1.16 and a beta of 1.64. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $106.31. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.91 EPS for the quarter, hitting the consensus estimate of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. The firm had revenue of $365.10 million for the quarter, compared to the consensus estimate of $369.07 million. On average, sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.04 EPS for the current fiscal year.

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.