Brown Brothers Harriman & Co. Has $59.32 Million Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Brown Brothers Harriman & Co. lifted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 16.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 571,577 shares of the company’s stock after buying an additional 78,728 shares during the period. Brown Brothers Harriman & Co.’s holdings in Shift4 Payments were worth $59,318,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in Shift4 Payments during the 4th quarter worth approximately $26,000. Rakuten Securities Inc. lifted its position in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments during the fourth quarter worth $28,000. UMB Bank n.a. bought a new position in Shift4 Payments in the fourth quarter valued at $29,000. Finally, Valley National Advisers Inc. bought a new position in Shift4 Payments in the fourth quarter valued at $31,000. 98.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FOUR shares. DA Davidson reduced their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Piper Sandler reissued an “overweight” rating and set a $143.00 price target (up from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price target for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Barclays dropped their price objective on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $154.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $115.30.

Insider Buying and Selling

In related news, President David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is owned by company insiders.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $84.50 on Friday. The firm has a market cap of $7.53 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The business’s 50 day moving average is $103.34 and its 200-day moving average is $99.88. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Equities research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

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.