Harbor Capital Advisors Inc. Sells 17,236 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Harbor Capital Advisors Inc. decreased its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 162,848 shares of the company's stock after selling 17,236 shares during the quarter. Shift4 Payments accounts for approximately 0.6% of Harbor Capital Advisors Inc.'s holdings, making the stock its 26th biggest holding. Harbor Capital Advisors Inc. owned approximately 0.18% of Shift4 Payments worth $13,306,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FOUR. UMB Bank n.a. lifted its holdings in Shift4 Payments by 91.4% during the 1st quarter. UMB Bank n.a. now owns 534 shares of the company's stock worth $44,000 after buying an additional 255 shares in the last quarter. E. Ohman J or Asset Management AB raised its position in shares of Shift4 Payments by 17.6% during the first quarter. E. Ohman J or Asset Management AB now owns 27,956 shares of the company's stock worth $2,284,000 after purchasing an additional 4,180 shares during the period. NBC Securities Inc. lifted its stake in Shift4 Payments by 57,816.7% in the first quarter. NBC Securities Inc. now owns 3,475 shares of the company's stock valued at $283,000 after buying an additional 3,469 shares in the last quarter. Rhumbline Advisers boosted its stake in Shift4 Payments by 0.4% in the 1st quarter. Rhumbline Advisers now owns 186,495 shares of the company's stock worth $15,238,000 after purchasing an additional 700 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Shift4 Payments by 5.9% during the first quarter. Parallel Advisors LLC now owns 3,517 shares of the company's stock worth $287,000 after buying an additional 196 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Trading Down 4.9%

NYSE FOUR traded down $4.60 during mid-day trading on Friday, reaching $88.72. 1,797,875 shares of the stock were exchanged, compared to its average volume of 1,682,027. The stock has a market cap of $7.86 billion, a P/E ratio of 28.90, a P/E/G ratio of 1.04 and a beta of 1.82. The stock has a 50 day simple moving average of $85.85 and a 200-day simple moving average of $96.94. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.76 by $0.31. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $368.50 million during the quarter, compared to the consensus estimate of $886.09 million. During the same period last year, the business posted $0.54 EPS. The firm's revenue for the quarter was up 39.7% compared to the same quarter last year. On average, analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FOUR shares. B. Riley reaffirmed a "buy" rating on shares of Shift4 Payments in a research report on Monday, June 2nd. Oppenheimer decreased 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 note on Thursday, February 20th. Raymond James lowered their price objective on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 4th. Keefe, Bruyette & Woods cut their price target on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a report on Monday, March 31st. Finally, UBS Group decreased their target price on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Shift4 Payments currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.35.

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.