Harbor Capital Advisors Inc. Sells 11,823 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Harbor Capital Advisors Inc. cut its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 180,084 shares of the company's stock after selling 11,823 shares during the quarter. Shift4 Payments accounts for approximately 0.8% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 8th largest position. Harbor Capital Advisors Inc. owned 0.20% of Shift4 Payments worth $18,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FOUR. Wasatch Advisors LP raised its holdings in shares of Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company's stock worth $521,250,000 after buying an additional 1,980,940 shares during the period. Jennison Associates LLC boosted its stake in shares of Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock valued at $251,098,000 after purchasing an additional 242,179 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company's stock worth $169,800,000 after purchasing an additional 235,355 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Shift4 Payments by 11,776.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company's stock valued at $126,947,000 after buying an additional 1,716,132 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in Shift4 Payments by 0.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company's stock valued at $128,921,000 after buying an additional 12,804 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jordan Frankel sold 5,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now directly owns 222,112 shares of the company's stock, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is owned by company insiders.

Shift4 Payments Price Performance

Shares of FOUR stock traded down $1.78 during mid-day trading on Friday, reaching $104.73. The stock had a trading volume of 1,022,416 shares, compared to its average volume of 1,223,496. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $116.84. 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 business has a 50-day simple moving average of $103.80 and a 200 day simple moving average of $88.10. The company has a market cap of $9.44 billion, a P/E ratio of 56.92, a price-to-earnings-growth ratio of 1.31 and a beta of 1.71.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays started coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They issued an "overweight" rating and a $120.00 price objective for the company. BTIG Research raised their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Susquehanna boosted their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a report on Wednesday, November 13th. Piper Sandler raised their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Finally, Stephens boosted their price objective 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. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Shift4 Payments currently has an average rating of "Moderate Buy" and an average price target of $106.40.

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.