Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 6.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 180,084 shares of the company’s stock after selling 11,823 shares during the period. Shift4 Payments accounts for about 0.8% of Harbor Capital Advisors Inc.’s holdings, making the stock its 8th largest position. Harbor Capital Advisors Inc. owned about 0.20% of Shift4 Payments worth $18,689,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Wasatch Advisors LP increased its holdings in shares of Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after purchasing an additional 1,980,940 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Shift4 Payments by 11,776.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after buying an additional 1,716,132 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in shares of Shift4 Payments by 6,185.0% during the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after buying an additional 1,078,115 shares in the last quarter. Senator Investment Group LP raised its stake in shares of Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after acquiring an additional 555,737 shares during the last quarter. Finally, Artemis Investment Management LLP grew its position in Shift4 Payments by 113.0% during the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after acquiring an additional 242,684 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FOUR. Barclays initiated coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective on the stock. Piper Sandler raised their price target on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and cut their target price for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Stephens lifted their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, BTIG Research increased their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.40.

Shift4 Payments Trading Down 2.5 %

Shares of FOUR stock traded down $2.64 during trading hours on Friday, hitting $103.87. 383,846 shares of the company were exchanged, compared to its average volume of 1,114,465. The firm has a market cap of $9.36 billion, a P/E ratio of 56.45, a P/E/G ratio of 1.31 and a beta of 1.71. The company has a 50 day simple moving average of $103.80 and a two-hundred day simple moving average of $88.10. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $116.84.

Insiders Place Their Bets

In related news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments 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 transaction, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the firm’s 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,462 shares of company stock worth $1,211,364. 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.