Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. raised its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 571,577 shares of the company's stock after buying an additional 78,728 shares during the period. Brown Brothers Harriman & Co. owned about 0.63% of Shift4 Payments worth $59,318,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments in the 4th quarter worth $26,000. Rakuten Securities Inc. grew its position in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Shift4 Payments during the fourth quarter worth about $28,000. UMB Bank n.a. acquired a new position in shares of Shift4 Payments during the 4th quarter worth about $29,000. Finally, Valley National Advisers Inc. purchased a new position in Shift4 Payments in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Insider Activity at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at $15,094,317.56. The trade was a 5.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,695 shares of company stock worth $1,097,380. Corporate insiders own 30.57% of the company's stock.

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Shift4 Payments Trading Up 2.2 %

FOUR stock traded up $1.82 during mid-day trading on Wednesday, hitting $85.50. 682,933 shares of the company were exchanged, compared to its average volume of 1,563,052. The business has a fifty day simple moving average of $102.03 and a 200-day simple moving average of $100.22. The firm has a market capitalization of $7.62 billion, a P/E ratio of 27.85, a PEG ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. On average, equities research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on FOUR. Oppenheimer reduced their target price on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. DA Davidson decreased their price objective on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Barclays dropped their target price on shares of Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Benchmark cut shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $154.00 price target on shares of Shift4 Payments in a research report on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Shift4 Payments has a consensus rating of "Moderate Buy" and an average target price of $113.80.

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.