Shift4 Payments, Inc. (NYSE:FOUR) Stock Position Decreased by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC cut its position in Shift4 Payments, Inc. (NYSE:FOUR) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,646 shares of the company’s stock after selling 155 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Shift4 Payments were worth $2,908,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Centaurus Financial Inc. grew its holdings in Shift4 Payments by 2.6% during the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after acquiring an additional 119 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Shift4 Payments by 7.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock valued at $303,000 after purchasing an additional 243 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Shift4 Payments in the 4th quarter worth approximately $28,000. Waldron Private Wealth LLC bought a new stake in shares of Shift4 Payments in the 3rd quarter worth approximately $25,000. Finally, Transcendent Capital Group LLC acquired a new stake in Shift4 Payments during the third quarter valued at approximately $27,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. B. Riley boosted their target price on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Susquehanna boosted their target price on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods downgraded shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 target price on the stock. in a research report on Monday, December 9th. Stephens increased their target price on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.40.

Shift4 Payments Stock Performance

FOUR stock traded down $2.87 during trading on Monday, hitting $101.61. 473,558 shares of the company traded hands, compared to its average volume of 1,110,522. The company has a market cap of $9.16 billion, a PE ratio of 55.22, a P/E/G ratio of 1.31 and a beta of 1.71. 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 stock’s 50-day simple moving average is $104.09 and its 200 day simple moving average is $88.58. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $116.84.

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.