Westfield Capital Management Co. LP Acquires 12,804 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Westfield Capital Management Co. LP lifted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 0.9% in the third quarter, Holdings Channel.com reports. The fund owned 1,455,085 shares of the company’s stock after purchasing an additional 12,804 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Shift4 Payments were worth $128,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Waldron Private Wealth LLC bought a new position in shares of Shift4 Payments during the 3rd quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in shares of Shift4 Payments during the 3rd quarter worth about $27,000. Toth Financial Advisory Corp acquired a new stake in shares of Shift4 Payments during the 3rd quarter worth about $32,000. Financial Management Professionals Inc. acquired a new stake in shares of Shift4 Payments during the 3rd quarter worth about $56,000. Finally, Quarry LP acquired a new stake in shares of Shift4 Payments during the 2nd quarter worth about $60,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Stock Up 0.5 %

Shift4 Payments stock opened at $109.78 on Friday. The company’s 50 day simple moving average is $93.35 and its 200 day simple moving average is $79.36. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $111.74. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 59.66, a PEG ratio of 1.36 and a beta of 1.64. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Insider Buying and Selling

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred on Monday, September 16th. The shares were 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 approximately $18,827,693.97. The trade was a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FOUR shares. 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. William Blair started coverage on shares of Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating for the company. Piper Sandler increased their target price on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Susquehanna increased their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Finally, DA Davidson increased their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $100.15.

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.