Mutual of America Capital Management LLC Makes New $6.81 Million Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Mutual of America Capital Management LLC purchased a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the 4th quarter, Holdings Channel reports. The fund purchased 65,660 shares of the company’s stock, valued at approximately $6,814,000.

Several other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC bought a new position in shares of Shift4 Payments during the fourth quarter worth about $37,000. Oppenheimer & Co. Inc. grew its position in shares of Shift4 Payments by 7.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 40,271 shares of the company’s stock worth $4,179,000 after acquiring an additional 2,691 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Shift4 Payments during the fourth quarter worth about $1,453,000. Amalgamated Bank grew its position in shares of Shift4 Payments by 716.0% during the fourth quarter. Amalgamated Bank now owns 33,139 shares of the company’s stock worth $3,439,000 after acquiring an additional 29,078 shares during the last quarter. Finally, Prasad Wealth Partners LLC bought a new position in shares of Shift4 Payments during the fourth quarter worth about $1,589,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Price Performance

FOUR stock opened at $98.97 on Monday. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50. The firm has a market capitalization of $8.92 billion, a PE ratio of 32.24, a P/E/G ratio of 1.04 and a beta of 1.72. The firm has a 50-day moving average of $110.23 and a two-hundred day moving average of $98.96.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The company had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. On average, analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. B. Riley increased their target price 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. Morgan Stanley decreased their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research report on Thursday. Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group increased their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.05.

Insider Buying and Selling at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

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.