Brown Brothers Harriman & Co. Raises Position in Shift4 Payments, Inc. (NYSE:FOUR)

Brown Brothers Harriman & Co. grew its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 41.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 492,849 shares of the company’s stock after acquiring an additional 145,444 shares during the period. Brown Brothers Harriman & Co. owned about 0.56% of Shift4 Payments worth $43,666,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts have commented on FOUR shares. B. Riley lifted their price target on Shift4 Payments from $104.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Susquehanna lifted their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Oppenheimer assumed coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target for the company. Morgan Stanley increased their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Finally, BTIG Research increased their price target on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Stock Up 0.5 %

Shares of Shift4 Payments stock opened at $109.78 on Monday. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $111.74. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The company’s 50 day moving average price is $93.35 and its 200-day moving average price is $79.50. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 59.66, a P/E/G ratio of 1.37 and a beta of 1.64.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

About Shift4 Payments

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.