Clearbridge Investments LLC Has $181.11 Million Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Clearbridge Investments LLC cut its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 20.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,745,084 shares of the company's stock after selling 444,588 shares during the quarter. Clearbridge Investments LLC owned approximately 1.94% of Shift4 Payments worth $181,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Shift4 Payments by 13.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 427,696 shares of the company's stock worth $37,894,000 after buying an additional 50,664 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Shift4 Payments by 63.5% during the 3rd quarter. Captrust Financial Advisors now owns 14,615 shares of the company's stock worth $1,295,000 after purchasing an additional 5,674 shares during the last quarter. Centiva Capital LP increased its stake in shares of Shift4 Payments by 104.3% during the 3rd quarter. Centiva Capital LP now owns 8,504 shares of the company's stock worth $753,000 after purchasing an additional 4,342 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Shift4 Payments during the 3rd quarter valued at $448,000. Finally, Quantinno Capital Management LP lifted its stake in shares of Shift4 Payments by 204.9% in the 3rd quarter. Quantinno Capital Management LP now owns 26,254 shares of the company's stock valued at $2,326,000 after purchasing an additional 17,642 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other news, CFO Nancy Disman sold 10,000 shares of the 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 sale, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments 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 transaction, the president now directly owns 264,856 shares of the company's stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,695 shares of company stock worth $1,097,380. Corporate insiders own 30.57% of the company's stock.

Wall Street Analysts Forecast Growth

FOUR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a "hold" rating and a $120.00 target price on the stock. Stephens reissued an "overweight" rating and issued a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. Benchmark lowered Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods lowered their price target on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating on the stock in a report on Monday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $154.00 price objective on shares of Shift4 Payments in a research note on Tuesday, March 4th. Seven equities 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $112.95.

Shift4 Payments Price Performance

NYSE:FOUR traded down $6.63 during mid-day trading on Friday, hitting $72.66. The company's stock had a trading volume of 4,269,212 shares, compared to its average volume of 1,577,058. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The stock has a fifty day moving average of $99.80 and a 200-day moving average of $99.90. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50.

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

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.