Harbor Capital Advisors Inc. Sells 107,642 Shares of Shift4 Payments, Inc. $FOUR

Harbor Capital Advisors Inc. lowered its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 65.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,076 shares of the company’s stock after selling 107,642 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.06% of Shift4 Payments worth $4,340,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Banque Transatlantique SA purchased a new position in Shift4 Payments in the 1st quarter valued at approximately $27,000. Allworth Financial LP boosted its holdings in shares of Shift4 Payments by 410.9% in the second quarter. Allworth Financial LP now owns 281 shares of the company’s stock worth $28,000 after acquiring an additional 226 shares during the period. Advisors Asset Management Inc. grew its position in shares of Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Shift4 Payments in the first quarter valued at $37,000. Finally, UMB Bank n.a. raised its stake in shares of Shift4 Payments by 33.5% during the 2nd quarter. UMB Bank n.a. now owns 713 shares of the company’s stock valued at $71,000 after purchasing an additional 179 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FOUR shares. Oppenheimer cut their target price on Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Susquehanna cut their price objective on shares of Shift4 Payments from $125.00 to $115.00 and set a “positive” rating for the company in a research report on Friday, November 7th. UBS Group decreased their target price on shares of Shift4 Payments from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Wells Fargo & Company cut their price target on shares of Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Finally, The Goldman Sachs Group reduced their price target on shares of Shift4 Payments from $95.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and an average target price of $96.70.

Shift4 Payments Trading Up 0.3%

Shares of 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 company 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 has a debt-to-equity ratio of 3.27, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s 50 day simple moving average is $69.57 and its 200 day simple moving average is $83.83.

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

Insider Activity at Shift4 Payments

In other news, CEO David Taylor Lauber sold 12,000 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $69.00, for a total transaction of $828,000.00. Following the transaction, the chief executive officer directly owned 273,588 shares in the company, valued at approximately $18,877,572. This represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy Disman sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 130,420 shares of the company’s stock, valued at $9,064,190. The trade was a 3.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,438 shares of company stock valued at $1,278,317 over the last 90 days. 25.15% of the stock is owned by insiders.

Shift4 Payments Profile

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.