19,100 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 19,100 shares of the company’s stock, valued at approximately $1,982,000.

A number of other institutional investors have also recently bought and sold shares of FOUR. Waldron Private Wealth LLC acquired a new position in Shift4 Payments in the 3rd quarter worth $25,000. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments in the 4th quarter valued at approximately $26,000. Transcendent Capital Group LLC bought a new stake in Shift4 Payments in the 3rd quarter valued at approximately $27,000. Central Pacific Bank Trust Division bought a new position in shares of Shift4 Payments during the 4th quarter worth approximately $28,000. Finally, UMB Bank n.a. bought a new stake in shares of Shift4 Payments in the fourth quarter worth $29,000. Institutional investors own 98.87% of the company’s stock.

Insider Activity

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction on Thursday, December 5th. The stock was 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 directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the sale, the insider now directly owns 210,045 shares in the company, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is owned by company insiders.

Shift4 Payments Stock Performance

FOUR opened at $121.06 on Friday. 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 business has a fifty day simple moving average of $109.61 and a 200 day simple moving average of $95.79. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $123.25. The company has a market capitalization of $10.91 billion, a PE ratio of 65.79, a price-to-earnings-growth ratio of 1.26 and a beta of 1.72.

Wall Street Analysts Forecast Growth

FOUR has been the topic of several analyst reports. The Goldman Sachs Group boosted their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research note on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target for the company. Stephens raised their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods downgraded shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 target price on the stock. in a report on Monday, December 9th. Finally, Wells Fargo & Company increased their price target on shares of Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.24.

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.