Shift4 Payments, Inc. (NYSE:FOUR) Stake Increased by Swiss National Bank

Swiss National Bank increased its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,000 shares of the company’s stock after buying an additional 1,600 shares during the quarter. Swiss National Bank’s holdings in Shift4 Payments were worth $9,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Clearbridge Investments LLC boosted its stake in shares of Shift4 Payments by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after buying an additional 235,355 shares during the period. The Manufacturers Life Insurance Company boosted its position in Shift4 Payments by 11,776.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after purchasing an additional 1,716,132 shares during the last quarter. Janus Henderson Group PLC grew its stake in Shift4 Payments by 21.7% in the first quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock valued at $94,803,000 after purchasing an additional 255,741 shares in the last quarter. Ensign Peak Advisors Inc increased its position in Shift4 Payments by 6,185.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after purchasing an additional 1,078,115 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Shift4 Payments by 35.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 849,564 shares of the company’s stock worth $62,315,000 after purchasing an additional 221,881 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. B. Riley boosted their price target on Shift4 Payments from $104.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. William Blair started coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating on the stock. Oppenheimer assumed coverage on shares of Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective for the company. Stephens increased their target price 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, Morgan Stanley boosted their price target on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average target price of $100.15.

Insider Activity at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

NYSE FOUR opened at $109.78 on Monday. The company’s fifty day moving average is $93.35 and its two-hundred day moving average is $79.50. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $111.74. 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 firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 59.66, a P/E/G ratio of 1.36 and a beta of 1.64.

Shift4 Payments Profile

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.