Public Employees Retirement System of Ohio Grows Stock Position in Shift4 Payments, Inc. $FOUR

Public Employees Retirement System of Ohio lifted its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,793 shares of the company’s stock after purchasing an additional 1,778 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Shift4 Payments were worth $7,314,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC raised its stake in shares of Shift4 Payments by 253.0% during the first quarter. SG Americas Securities LLC now owns 11,705 shares of the company’s stock worth $956,000 after purchasing an additional 8,389 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Shift4 Payments by 4.1% during the first quarter. Fifth Third Bancorp now owns 4,646 shares of the company’s stock worth $380,000 after purchasing an additional 181 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Shift4 Payments by 54.7% during the first quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company’s stock worth $98,000 after purchasing an additional 424 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Shift4 Payments by 5.6% during the first quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company’s stock worth $298,000 after purchasing an additional 194 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in Shift4 Payments by 24.0% during the first quarter. Spire Wealth Management now owns 1,012 shares of the company’s stock worth $83,000 after acquiring an additional 196 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

FOUR has been the subject of a number of recent analyst reports. B. Riley reissued a “buy” rating on shares of Shift4 Payments in a report on Monday, June 2nd. BTIG Research reissued a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. The Goldman Sachs Group reissued a “buy” rating and issued a $104.00 target price on shares of Shift4 Payments in a report on Wednesday, August 6th. UBS Group reduced their target price on Shift4 Payments from $125.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Finally, Piper Sandler reduced their target price on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.21.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CEO David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the transaction, the chief executive officer owned 285,588 shares in the company, valued at approximately $25,300,240.92. The trade was a 0.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Jared Isaacman acquired 104,705 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was purchased at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the purchase, the chairman directly owned 939,715 shares in the company, valued at approximately $78,569,571.15. This represents a 12.54% increase in their position. The disclosure for this purchase can be found here. Insiders own 25.15% of the company’s stock.

Shift4 Payments Stock Down 0.8%

Shares of NYSE:FOUR opened at $79.16 on Friday. The stock’s 50-day moving average price is $90.99 and its two-hundred day moving average price is $89.77. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. Shift4 Payments, Inc. has a 12-month low of $68.09 and a 12-month high of $127.50. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 0.78 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). The business had revenue of $413.40 million for the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period last year, the company posted $0.96 EPS. On average, research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS 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.