Geode Capital Management LLC Has $93.80 Million Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Geode Capital Management LLC boosted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,058,369 shares of the company's stock after buying an additional 53,610 shares during the period. Geode Capital Management LLC owned approximately 1.19% of Shift4 Payments worth $93,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of FOUR. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments during the 3rd quarter valued at $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments during the third quarter worth $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Shift4 Payments during the third quarter worth $32,000. Financial Management Professionals Inc. acquired a new stake in Shift4 Payments during the third quarter valued at $56,000. Finally, Quarry LP purchased a new position in Shift4 Payments in the second quarter valued at about $60,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. William Blair began coverage on Shift4 Payments in a research note on Wednesday, September 4th. They set an "outperform" rating for the company. B. Riley raised their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Oppenheimer boosted their target price on shares of Shift4 Payments from $120.00 to $121.00 and gave the stock an "outperform" rating in a research report on Thursday. Stephens increased their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Finally, Morgan Stanley lifted their price objective on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an "equal weight" rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $105.52.

Insiders Place Their Bets

In related news, insider Jordan Frankel sold 5,000 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares of the company's stock, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock worth $1,211,364 in the last ninety days. Insiders own 30.57% of the company's stock.

Shift4 Payments Stock Performance

FOUR stock traded up $2.26 on Friday, reaching $103.52. 2,443,089 shares of the company were exchanged, compared to its average volume of 1,488,259. The firm has a market capitalization of $9.33 billion, a PE ratio of 56.26, a PEG ratio of 1.30 and a beta of 1.70. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $116.84. The stock's fifty day moving average price is $100.29 and its 200 day moving average price is $84.72. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

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.