Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 30.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 289,209 shares of the company's stock after selling 128,915 shares during the quarter. Victory Capital Management Inc. owned approximately 0.33% of Shift4 Payments worth $25,624,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FOUR. Clearbridge Investments LLC boosted its stake in Shift4 Payments by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company's stock worth $169,800,000 after buying an additional 235,355 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company's stock valued at $126,947,000 after purchasing an additional 1,716,132 shares during the period. Janus Henderson Group PLC increased its position in Shift4 Payments by 21.7% during the first quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company's stock worth $94,803,000 after purchasing an additional 255,741 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in Shift4 Payments by 6,185.0% during the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company's stock worth $80,358,000 after purchasing an additional 1,078,115 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Shift4 Payments by 35.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 849,564 shares of the company's stock valued at $62,315,000 after purchasing an additional 221,881 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Up 4.1 %

Shares of NYSE:FOUR traded up $3.96 during trading on Monday, hitting $100.97. 2,580,108 shares of the company were exchanged, compared to its average volume of 1,375,344. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 1.34. The firm's 50 day moving average price is $90.75 and its 200-day moving average price is $77.90. The stock has a market capitalization of $8.95 billion, a P/E ratio of 52.72, a PEG ratio of 1.17 and a beta of 1.64. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $106.31.

Insider Activity at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on 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 transaction, the chief financial officer now directly owns 182,959 shares of the company's stock, valued at $14,874,566.70. The trade was a 9.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jordan Frankel sold 12,500 shares of the firm's stock in a transaction on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FOUR shares. Piper Sandler lifted their target price on Shift4 Payments from $93.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. William Blair began coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They issued an "outperform" rating for the company. Oppenheimer initiated coverage on Shift4 Payments in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $109.00 price objective for the company. Barclays started coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an "overweight" rating and a $120.00 target price for the company. Finally, Benchmark reiterated a "buy" rating and set a $99.00 price target on shares of Shift4 Payments in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently 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.