Harbor Capital Advisors Inc. Cuts Stake in Shift4 Payments, Inc. $FOUR

Harbor Capital Advisors Inc. lowered its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 65.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 56,076 shares of the company’s stock after selling 107,642 shares during the period. Harbor Capital Advisors Inc.’s holdings in Shift4 Payments were worth $4,340,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FOUR. Allworth Financial LP boosted its position in Shift4 Payments by 410.9% during the second quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after buying an additional 226 shares during the period. Banque Transatlantique SA bought a new stake in shares of Shift4 Payments in the 1st quarter valued at about $27,000. Advisors Asset Management Inc. boosted its holdings in Shift4 Payments by 100.0% during the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after acquiring an additional 217 shares during the period. Quantbot Technologies LP bought a new position in Shift4 Payments during the 1st quarter worth approximately $37,000. Finally, UMB Bank n.a. increased its stake in Shift4 Payments by 33.5% in the 2nd quarter. UMB Bank n.a. now owns 713 shares of the company’s stock worth $71,000 after purchasing an additional 179 shares during the period. 98.87% of the stock is owned by institutional investors.

Insider Activity at Shift4 Payments

In related news, Director Nancy Disman sold 5,000 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $69.50, for a total value of $347,500.00. Following the sale, the director directly owned 130,420 shares of the company’s stock, valued at $9,064,190. This represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Taylor Lauber sold 12,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $69.00, for a total value of $828,000.00. Following the completion of the transaction, the chief executive officer owned 273,588 shares of the company’s stock, valued at approximately $18,877,572. This trade represents a 4.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,438 shares of company stock worth $1,278,317 over the last ninety days. 25.15% of the stock is owned by corporate insiders.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $64.99 on Thursday. Shift4 Payments, Inc. has a 1 year low of $61.23 and a 1 year high of $127.50. The stock has a market capitalization of $5.76 billion, a P/E ratio of 30.51, a P/E/G ratio of 0.66 and a beta of 1.68. The company’s 50-day moving average is $69.57 and its 200 day moving average is $83.83. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.38 and a quick ratio of 1.38.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.03). Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $1.04 earnings per share. The business’s quarterly revenue was up 61.4% on a year-over-year basis. On average, sell-side analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Benchmark reissued a “buy” rating on shares of Shift4 Payments in a research note on Thursday, December 11th. The Goldman Sachs Group decreased their price objective on shares of Shift4 Payments from $95.00 to $83.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Keefe, Bruyette & Woods dropped their target price on shares of Shift4 Payments from $90.00 to $75.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Truist Financial reduced their price target on Shift4 Payments from $80.00 to $74.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $90.00 price target on shares of Shift4 Payments in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $96.70.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.