Jennison Associates LLC Raises Position in Shift4 Payments, Inc. (NYSE:FOUR)

Jennison Associates LLC grew its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 9.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,834,061 shares of the company's stock after purchasing an additional 242,179 shares during the quarter. Jennison Associates LLC owned about 3.20% of Shift4 Payments worth $251,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in FOUR. Centaurus Financial Inc. increased its stake in Shift4 Payments by 2.6% in the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company's stock valued at $345,000 after purchasing an additional 119 shares in the last quarter. First Dallas Securities Inc. increased its position in Shift4 Payments by 1.8% in the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company's stock valued at $844,000 after buying an additional 200 shares in the last quarter. J.Safra Asset Management Corp raised its stake in Shift4 Payments by 25.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company's stock worth $72,000 after buying an additional 202 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Shift4 Payments by 3.3% in the second quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company's stock worth $477,000 after acquiring an additional 210 shares in the last quarter. Finally, CWM LLC grew its stake in Shift4 Payments by 27.1% in the second quarter. CWM LLC now owns 1,131 shares of the company's stock valued at $83,000 after acquiring an additional 241 shares during the period. Institutional investors own 98.87% of the company's stock.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction 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 $14,874,566.70. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction 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. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company's stock.

Wall Street Analysts Forecast Growth

FOUR has been the topic of a number of recent research reports. Stephens raised their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Oppenheimer assumed coverage on shares of Shift4 Payments in a report on Tuesday, October 1st. They issued an "outperform" rating and a $109.00 price target on the stock. B. Riley lifted their price objective on shares of Shift4 Payments from $104.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Benchmark reaffirmed a "buy" rating and issued a $99.00 price target on shares of Shift4 Payments in a report on Thursday, September 5th. Finally, Barclays began coverage on Shift4 Payments in a report on Wednesday, October 9th. They issued an "overweight" rating and a $120.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $100.15.

Shift4 Payments Trading Down 0.2 %

FOUR stock traded down $0.23 during trading on Wednesday, reaching $101.82. The company had a trading volume of 1,936,258 shares, compared to its average volume of 1,427,500. The business has a 50 day moving average of $91.76 and a 200 day moving average of $78.50. 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 company has a market cap of $9.02 billion, a P/E ratio of 55.47, a PEG ratio of 1.17 and a beta of 1.64. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $106.31.

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.