Great Lakes Advisors LLC Acquires Shares of 60,355 Shift4 Payments, Inc. (NYSE:FOUR)

Great Lakes Advisors LLC bought a new stake in Shift4 Payments, Inc. (NYSE:FOUR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 60,355 shares of the company’s stock, valued at approximately $4,099,000. Great Lakes Advisors LLC owned about 0.07% of Shift4 Payments at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Durable Capital Partners LP raised its holdings in Shift4 Payments by 52.0% during the first quarter. Durable Capital Partners LP now owns 2,305,940 shares of the company’s stock worth $142,807,000 after purchasing an additional 789,002 shares in the last quarter. Wasatch Advisors LP acquired a new stake in shares of Shift4 Payments in the 1st quarter valued at approximately $59,081,000. Summit Partners Public Asset Management LLC boosted its stake in shares of Shift4 Payments by 4,010.4% in the fourth quarter. Summit Partners Public Asset Management LLC now owns 534,355 shares of the company’s stock valued at $29,886,000 after buying an additional 521,355 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Shift4 Payments by 2,278.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 541,681 shares of the company’s stock valued at $41,060,000 after buying an additional 518,909 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Shift4 Payments by 26.7% during the second quarter. Jennison Associates LLC now owns 2,404,436 shares of the company’s stock worth $163,285,000 after acquiring an additional 506,539 shares during the period. Institutional investors and hedge funds own 70.82% of the company’s stock.

Shift4 Payments Price Performance

FOUR stock opened at $64.59 on Tuesday. The stock’s fifty day simple moving average is $53.52 and its 200-day simple moving average is $59.75. The company has a quick ratio of 3.31, a current ratio of 3.32 and a debt-to-equity ratio of 3.23. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 38.68, a price-to-earnings-growth ratio of 0.58 and a beta of 1.32. Shift4 Payments, Inc. has a 52-week low of $41.25 and a 52-week high of $76.40.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $58.81, for a total value of $411,670.00. Following the transaction, the insider now directly owns 223,218 shares of the company’s stock, valued at approximately $13,127,450.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $65.07, for a total value of $650,700.00. Following the completion of the sale, the chief financial officer now directly owns 273,170 shares of the company’s stock, valued at $17,775,171.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jordan Frankel sold 7,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $58.81, for a total value of $411,670.00. Following the transaction, the insider now directly owns 223,218 shares in the company, valued at approximately $13,127,450.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,000 shares of company stock valued at $1,353,920. Insiders own 32.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FOUR shares. Wells Fargo & Company boosted their target price on shares of Shift4 Payments from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Berenberg Bank began coverage on shares of Shift4 Payments in a report on Friday, October 6th. They set a “buy” rating and a $87.00 price objective on the stock. Raymond James increased their target price on shares of Shift4 Payments from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Morgan Stanley boosted their price target on Shift4 Payments from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. Finally, Truist Financial reduced their price objective on Shift4 Payments from $87.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.58.

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.