Shift4 Payments, Inc. (NYSE:FOUR) is ShawSpring Partners LLC’s Largest Position

ShawSpring Partners LLC lessened its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,319,879 shares of the company’s stock after selling 82,554 shares during the quarter. Shift4 Payments makes up 14.8% of ShawSpring Partners LLC’s holdings, making the stock its biggest position. ShawSpring Partners LLC owned about 1.49% of Shift4 Payments worth $116,941,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Jennison Associates LLC grew its position in shares of Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after purchasing an additional 235,355 shares during the period. The Manufacturers Life Insurance Company increased 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 worth $126,947,000 after purchasing an additional 1,716,132 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after purchasing an additional 12,804 shares during the period. Finally, Ensign Peak Advisors Inc boosted its holdings 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 valued at $80,358,000 after purchasing an additional 1,078,115 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. William Blair began coverage on Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating for the company. Piper Sandler upped their price target on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Morgan Stanley increased their price target on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Finally, The Goldman Sachs Group boosted their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $102.15.

Shift4 Payments Trading Up 0.3 %

NYSE:FOUR opened at $111.64 on Wednesday. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $113.85. The firm has a market cap of $10.06 billion, a PE ratio of 60.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The stock has a fifty day moving average price of $94.46 and a 200 day moving average price of $80.18.

Insider Buying and Selling at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the 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 transaction, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Shift4 Payments Company 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.