Shift4 Payments, Inc. $FOUR Stock Position Reduced by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP trimmed its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 43.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 676,228 shares of the company’s stock after selling 509,921 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Shift4 Payments were worth $67,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of FOUR. Envestnet Asset Management Inc. boosted its position in Shift4 Payments by 18.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 72,194 shares of the company’s stock worth $5,899,000 after acquiring an additional 11,307 shares during the period. Cerity Partners LLC raised its stake in shares of Shift4 Payments by 10.0% during the first quarter. Cerity Partners LLC now owns 5,092 shares of the company’s stock valued at $416,000 after purchasing an additional 463 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in Shift4 Payments by 16.7% in the first quarter. Mutual of America Capital Management LLC now owns 76,606 shares of the company’s stock worth $6,259,000 after purchasing an additional 10,946 shares during the period. IFP Advisors Inc lifted its position in Shift4 Payments by 10.4% in the first quarter. IFP Advisors Inc now owns 2,567 shares of the company’s stock worth $214,000 after purchasing an additional 242 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Shift4 Payments in the first quarter valued at $270,000. Institutional investors own 98.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FOUR shares. DA Davidson reduced their price objective on shares of Shift4 Payments from $114.00 to $104.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Susquehanna decreased their target price on shares of Shift4 Payments from $125.00 to $115.00 and set a “positive” rating for the company in a report on Friday, November 7th. Wells Fargo & Company dropped their target price on shares of Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Benchmark reduced their price target on shares of Shift4 Payments from $111.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, UBS Group decreased their price objective on shares of Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.67.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock opened at $67.04 on Thursday. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 0.67 and a beta of 1.71. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27. The stock’s 50-day simple moving average is $76.13 and its 200-day simple moving average is $87.67. Shift4 Payments, Inc. has a 52 week low of $61.23 and a 52 week high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.03). Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business posted $1.04 EPS. The firm’s revenue for the quarter was up 61.4% compared to the same quarter last year. Shift4 Payments has set its FY 2025 guidance at EPS. As a group, analysts expect 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 2,500 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total transaction of $221,475.00. Following the sale, the chief executive officer owned 285,588 shares in the company, valued at $25,300,240.92. This trade represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James J. Whalen sold 1,438 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $71.50, for a total transaction of $102,817.00. Following the completion of the transaction, the insider directly owned 54,736 shares in the company, valued at $3,913,624. This trade represents a 2.56% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 25.15% of the company’s stock.

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.