Jennison Associates LLC Decreases Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Jennison Associates LLC reduced its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 17.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,335,261 shares of the company’s stock after selling 498,800 shares during the period. Jennison Associates LLC owned approximately 2.59% of Shift4 Payments worth $242,353,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FOUR. Wasatch Advisors LP raised its position in Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after buying an additional 1,980,940 shares during the last quarter. Artemis Investment Management LLP raised its holdings in shares of Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after purchasing an additional 242,684 shares during the last quarter. International Assets Investment Management LLC lifted its position in Shift4 Payments by 10,217.7% during the third quarter. International Assets Investment Management LLC now owns 160,543 shares of the company’s stock valued at $14,224,000 after purchasing an additional 158,987 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after purchasing an additional 145,444 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Shift4 Payments by 245.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company’s stock worth $14,294,000 after purchasing an additional 114,659 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FOUR shares. Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a report on Monday. They issued a “hold” rating and a $120.00 price objective for the company. BTIG Research boosted their price target on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Barclays started coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective on the stock. The Goldman Sachs Group raised their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Stephens upped their price target on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $107.52.

Shift4 Payments Trading Down 1.3 %

FOUR opened at $120.00 on Monday. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 65.22, a price-to-earnings-growth ratio of 1.22 and a beta of 1.72. The company’s 50 day simple moving average is $108.03 and its two-hundred day simple moving average is $92.92. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $123.25. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Insider Activity at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the transaction, the insider now directly owns 222,112 shares in the company, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is currently owned by 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.