Shift4 Payments, Inc. (NYSE:FOUR) Stock Position Raised by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lifted its position in Shift4 Payments, Inc. (NYSE:FOUR) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,455,085 shares of the company’s stock after acquiring an additional 12,804 shares during the quarter. Westfield Capital Management Co. LP owned approximately 1.64% of Shift4 Payments worth $128,921,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Waldron Private Wealth LLC purchased a new stake in shares of Shift4 Payments in the 3rd quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new position in Shift4 Payments in the 3rd quarter valued at approximately $27,000. Toth Financial Advisory Corp acquired a new position in Shift4 Payments in the 3rd quarter valued at approximately $32,000. Financial Management Professionals Inc. acquired a new position in Shift4 Payments in the 3rd quarter valued at approximately $56,000. Finally, Quarry LP acquired a new position in Shift4 Payments in the 2nd quarter valued at approximately $60,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Price Performance

NYSE FOUR opened at $109.78 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The company has a fifty day simple moving average of $93.35 and a 200 day simple moving average of $79.36. The company has a market cap of $9.89 billion, a P/E ratio of 59.66, a P/E/G ratio of 1.36 and a beta of 1.64. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $111.74.

Insider Buying and Selling

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction on 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 completion of the sale, 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 disclosure for this sale can be found here. 30.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a research note on Thursday, September 5th. Wells Fargo & Company upped their price objective on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. BTIG Research upped their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. The Goldman Sachs Group upped their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Barclays initiated coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.