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

Brown Brothers Harriman & Co. lifted its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 41.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 492,849 shares of the company's stock after acquiring an additional 145,444 shares during the quarter. Brown Brothers Harriman & Co. owned 0.56% of Shift4 Payments worth $43,666,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Westfield Capital Management Co. LP increased 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. Penserra Capital Management LLC increased its position in shares of Shift4 Payments by 0.9% during the third quarter. Penserra Capital Management LLC now owns 118,615 shares of the company's stock worth $10,508,000 after acquiring an additional 1,063 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Shift4 Payments by 13.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 427,696 shares of the company's stock worth $37,894,000 after acquiring an additional 50,664 shares during the period. King Luther Capital Management Corp raised its stake in shares of Shift4 Payments by 54.5% in the third quarter. King Luther Capital Management Corp now owns 46,638 shares of the company's stock valued at $4,132,000 after acquiring an additional 16,460 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock worth $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock traded up $1.56 on Monday, reaching $111.34. 1,507,522 shares of the stock were exchanged, compared to its average volume of 1,438,181. 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 firm has a market capitalization of $10.03 billion, a PE ratio of 59.66, a PEG ratio of 1.37 and a beta of 1.64. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $112.93. The business has a fifty day moving average price of $93.35 and a two-hundred day moving average price of $79.50.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the transaction, the chief financial officer now directly owns 182,959 shares of the company's stock, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.57% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FOUR. Stephens increased their price target on Shift4 Payments from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Barclays initiated coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They issued an "overweight" rating and a $120.00 price objective on the stock. Oppenheimer started coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They set an "outperform" rating and a $109.00 price objective for the company. Susquehanna increased their target price on Shift4 Payments from $105.00 to $120.00 and gave the company a "positive" rating in a report on Wednesday, November 13th. Finally, Morgan Stanley upped their price objective on Shift4 Payments from $66.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $100.15.

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.