Brown Brothers Harriman & Co. Purchases 78,728 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Brown Brothers Harriman & Co. increased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 571,577 shares of the company’s stock after purchasing an additional 78,728 shares during the period. Brown Brothers Harriman & Co. owned about 0.63% of Shift4 Payments worth $59,318,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Moody National Bank Trust Division raised its stake in shares of Shift4 Payments by 86.5% in the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock valued at $1,645,000 after buying an additional 7,349 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Shift4 Payments in the fourth quarter worth about $812,000. Stifel Financial Corp lifted its stake in Shift4 Payments by 14.3% during the third quarter. Stifel Financial Corp now owns 56,894 shares of the company’s stock worth $5,041,000 after purchasing an additional 7,117 shares during the period. Lebenthal Global Advisors LLC acquired a new stake in Shift4 Payments during the fourth quarter valued at approximately $328,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $358,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

FOUR stock opened at $84.50 on Friday. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The company 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 fifty day moving average is $103.34 and its 200-day moving average is $99.88.

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

Insider Buying and Selling

In other news, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the transaction, the president now owns 264,856 shares in the company, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock valued at $1,097,380 in the last 90 days. 30.57% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on FOUR shares. Barclays lowered their price target on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Stephens reiterated an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 19th. Oppenheimer reduced their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Morgan Stanley dropped their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Finally, Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus price target of $115.30.

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.