Jennison Associates LLC Has $130.36 Million Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Jennison Associates LLC trimmed its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 31.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,595,376 shares of the company's stock after selling 739,885 shares during the period. Jennison Associates LLC owned 1.79% of Shift4 Payments worth $130,358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FOUR. Proficio Capital Partners LLC purchased a new position in Shift4 Payments during the fourth quarter worth about $37,000. HighTower Advisors LLC raised its holdings in Shift4 Payments by 25.9% in the fourth quarter. HighTower Advisors LLC now owns 6,303 shares of the company's stock valued at $654,000 after acquiring an additional 1,295 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Shift4 Payments in the fourth quarter valued at approximately $255,000. Swiss National Bank raised its holdings in Shift4 Payments by 5.9% in the fourth quarter. Swiss National Bank now owns 115,400 shares of the company's stock valued at $11,976,000 after acquiring an additional 6,400 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Shift4 Payments by 114.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 15,755 shares of the company's stock valued at $1,635,000 after acquiring an additional 8,403 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the completion of the sale, the chief financial officer directly owned 167,622 shares of the company's stock, valued at $15,141,295.26. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $94,530.00. Following the sale, the director directly owned 7,474 shares of the company's stock, valued at $706,517.22. This trade represents a 11.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FOUR shares. Keefe, Bruyette & Woods raised their target price on shares of Shift4 Payments from $95.00 to $110.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. Wall Street Zen lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Benchmark upgraded shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. UBS Group decreased their target price on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Piper Sandler decreased their target price on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $116.70.

Shift4 Payments Stock Performance

NYSE FOUR traded up $0.47 during trading hours on Friday, hitting $106.58. The company had a trading volume of 789,849 shares, compared to its average volume of 1,690,186. Shift4 Payments, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $127.50. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.12. The business has a fifty day simple moving average of $95.55 and a 200-day simple moving average of $95.75. The firm has a market cap of $9.45 billion, a P/E ratio of 36.01 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.31. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. The business had revenue of $368.50 million during the quarter, compared to analysts' expectations of $886.09 million. During the same quarter last year, the business posted $0.54 earnings per share. The company's quarterly revenue was up 39.7% on a year-over-year basis. Equities analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

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.