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

Harbor Capital Advisors Inc. reduced its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 9.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 investment portfolio, 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 institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Shift4 Payments by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock worth $678,668,000 after acquiring an additional 562,774 shares in the last quarter. Darlington Partners Capital Management LP raised its position in Shift4 Payments by 17.2% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock worth $260,489,000 after acquiring an additional 367,500 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Shift4 Payments by 41.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock worth $127,689,000 after acquiring an additional 350,703 shares in the last quarter. Geode Capital Management LLC raised its position in Shift4 Payments by 10.0% during the fourth quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock worth $120,899,000 after acquiring an additional 106,217 shares in the last quarter. Finally, Spyglass Capital Management LLC raised its position in Shift4 Payments by 22.7% during the fourth quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company's stock worth $101,897,000 after acquiring an additional 181,539 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FOUR has been the topic of several research reports. DA Davidson reiterated a "buy" rating and issued a $124.00 price objective on shares of Shift4 Payments in a report on Thursday, June 5th. Piper Sandler decreased their price objective on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. UBS Group decreased their price objective on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on shares of Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Finally, Raymond James decreased their price objective on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Friday, April 4th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $115.35.

Shift4 Payments Price Performance

Shift4 Payments stock traded up $0.46 during trading hours on Wednesday, reaching $95.45. 901,977 shares of the stock were exchanged, compared to its average volume of 1,680,793. The company has a market cap of $8.46 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 1.04 and a beta of 1.82. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a twelve month low of $57.45 and a twelve month high of $127.50. The stock has a 50 day moving average of $85.02 and a two-hundred day moving average of $97.08.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. The firm had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business's revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Equities analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the transaction, the chief financial officer now owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. This represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 25.15% of the company's stock.

About Shift4 Payments

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.