Penserra Capital Management LLC Has $10.51 Million Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Penserra Capital Management LLC raised its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,615 shares of the company’s stock after acquiring an additional 1,063 shares during the period. Penserra Capital Management LLC owned about 0.13% of Shift4 Payments worth $10,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in shares of Shift4 Payments by 21.7% in the first quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock valued at $94,803,000 after buying an additional 255,741 shares during the period. Washington Harbour Partners LP acquired a new position in Shift4 Payments in the 1st quarter worth $1,342,000. Virtu Financial LLC bought a new position in Shift4 Payments during the 1st quarter worth about $3,203,000. First Hawaiian Bank raised its stake in shares of Shift4 Payments by 8.8% in the 2nd quarter. First Hawaiian Bank now owns 7,195 shares of the company’s stock valued at $528,000 after purchasing an additional 580 shares during the period. Finally, Moody National Bank Trust Division bought a new stake in shares of Shift4 Payments in the second quarter valued at about $623,000. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $109.78 on Monday. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $111.74. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 59.66, a PEG ratio of 1.36 and a beta of 1.64. The company has a 50-day simple moving average of $93.35 and a 200 day simple moving average of $79.50. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Analysts Set New Price Targets

FOUR has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Stephens increased their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Piper Sandler raised their target price on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Oppenheimer began coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target on the stock. Finally, Benchmark restated a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $100.15.

Shift4 Payments Company Profile

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.