Louisiana State Employees Retirement System Purchases Shares of 19,100 Shift4 Payments, Inc. (NYSE:FOUR)

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

Several other institutional investors also recently modified their holdings of FOUR. Truist Financial Corp acquired a new stake in Shift4 Payments during the second quarter worth $283,000. CWM LLC lifted its holdings in shares of Shift4 Payments by 95.8% during the 3rd quarter. CWM LLC now owns 2,214 shares of the company’s stock worth $196,000 after acquiring an additional 1,083 shares during the period. Creative Planning acquired a new stake in shares of Shift4 Payments during the 3rd quarter valued at about $293,000. Bleakley Financial Group LLC bought a new stake in Shift4 Payments in the third quarter valued at about $889,000. Finally, Allspring Global Investments Holdings LLC raised its position in Shift4 Payments by 245.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company’s stock worth $14,294,000 after purchasing an additional 114,659 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analysts Set New Price Targets

FOUR has been the topic of several analyst reports. Wells Fargo & Company upped their price objective on Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Oppenheimer increased their price objective on Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Stephens upped their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report 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 price target for the company. in a report on Monday, December 9th. Finally, B. Riley boosted their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.24.

Insiders Place Their Bets

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the transaction, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now owns 37,089 shares of the company’s stock, valued at $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Up 1.4 %

Shares of NYSE: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 stock has a market cap of $10.91 billion, a price-to-earnings ratio of 65.79, a P/E/G ratio of 1.26 and a beta of 1.72. The company has a 50 day moving average of $109.61 and a 200-day moving average of $95.79. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $123.25.

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.