Portolan Capital Management LLC Sells 52,888 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Portolan Capital Management LLC trimmed its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 28.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 134,612 shares of the company’s stock after selling 52,888 shares during the quarter. Portolan Capital Management LLC owned about 0.15% of Shift4 Payments worth $11,927,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FOUR. Wasatch Advisors LP grew its stake in shares of Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares during the period. Jennison Associates LLC grew its stake in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares during the period. Clearbridge Investments LLC grew its stake in shares of Shift4 Payments by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after purchasing an additional 235,355 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Shift4 Payments by 11,776.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after purchasing an additional 1,716,132 shares during the period. Finally, Westfield Capital Management Co. LP grew its stake in shares of Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after purchasing an additional 12,804 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Insider Activity

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the transaction, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,500 shares of company stock valued at $3,226,675. 30.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FOUR shares. Susquehanna boosted their price target on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. B. Riley lifted their price objective on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Oppenheimer assumed coverage on Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price objective on the stock. Morgan Stanley lifted their price objective 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. Finally, BTIG Research lifted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $102.15.

Shift4 Payments Stock Performance

NYSE FOUR opened at $114.15 on Wednesday. The company has a market cap of $10.28 billion, a P/E ratio of 62.04, a P/E/G ratio of 1.41 and a beta of 1.70. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The business’s 50 day moving average price is $97.28 and its 200-day moving average price is $81.81. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $116.84.

Shift4 Payments 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.