Shift4 Payments, Inc. (NYSE:FOUR) Holdings Decreased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 6.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 180,084 shares of the company’s stock after selling 11,823 shares during the quarter. Shift4 Payments comprises 0.8% of Harbor Capital Advisors Inc.’s portfolio, making the stock its 8th biggest holding. Harbor Capital Advisors Inc.’s holdings in Shift4 Payments were worth $18,689,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FOUR. Wasatch Advisors LP increased its stake in shares of Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after buying an additional 1,980,940 shares during the period. The Manufacturers Life Insurance Company lifted its holdings 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 worth $126,947,000 after buying an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc grew its position in shares of 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 buying an additional 1,078,115 shares during the last quarter. Senator Investment Group LP lifted its position in shares of Shift4 Payments by 8,551.1% in the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after purchasing an additional 555,737 shares during the period. Finally, Artemis Investment Management LLP boosted its stake in shares of Shift4 Payments by 113.0% during the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after purchasing an additional 242,684 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Insider Transactions at Shift4 Payments

In other 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 transaction of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is currently owned by insiders.

Shift4 Payments Trading Down 2.5 %

FOUR traded down $2.64 during trading on Friday, reaching $103.87. The company had a trading volume of 383,846 shares, compared to its average volume of 1,114,465. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The business has a 50 day simple moving average of $103.80 and a 200-day simple moving average of $88.10. The stock has a market cap of $9.36 billion, a P/E ratio of 56.45, a PEG ratio of 1.31 and a beta of 1.71. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $116.84.

Analysts Set New Price Targets

FOUR has been the subject of a number of research reports. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price target for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Barclays began coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. Piper Sandler lifted their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, B. Riley increased their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus target price of $106.40.

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.