Public Employees Retirement System of Ohio increased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 246.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 79,321 shares of the company's stock after purchasing an additional 56,410 shares during the period. Public Employees Retirement System of Ohio owned 0.09% of Shift4 Payments worth $7,028,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in FOUR. Senator Investment Group LP grew its position in shares of Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company's stock valued at $41,240,000 after purchasing an additional 555,737 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Shift4 Payments by 26.6% during the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company's stock valued at $3,330,000 after buying an additional 7,905 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company's stock valued at $43,666,000 after buying an additional 145,444 shares during the period. Artemis Investment Management LLP grew its position in Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company's stock worth $40,532,000 after buying an additional 242,684 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock worth $251,098,000 after acquiring an additional 242,179 shares during the last quarter. Institutional investors own 98.87% of the company's stock.
In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the firm's 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 owns 228,021 shares of the company's stock, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James J. Whalen sold 1,462 shares of the company's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,962 shares of company stock valued at $2,243,489. 30.57% of the stock is currently owned by corporate insiders.
A number of analysts have recently issued reports on FOUR shares. Benchmark downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Bank of America lowered shares of Shift4 Payments from a "buy" rating to a "neutral" rating and dropped their target price for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. B. Riley increased their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Stephens lifted their price objective 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. Finally, The Goldman Sachs Group upped their target price 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. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $103.10.
Check Out Our Latest Research Report on FOUR
Shares of NYSE FOUR opened at $101.90 on Friday. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $116.84. The stock has a market capitalization of $9.18 billion, a P/E ratio of 55.38, a P/E/G ratio of 1.30 and a beta of 1.70. The company's 50-day moving average is $99.38 and its 200 day moving average is $83.51. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.
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.
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