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

Key Points

• Westfield Capital Management Co. LP reduced its stake in Shift4 Payments by 23.6%, holding 1,186,149 shares valued at approximately $96.92 million as of the latest SEC filing.
• Insiders have recently sold a total of 13,757 shares worth over $1.25 million, indicating a decrease in their positions within the company.
• Shift4 Payments has an overall market cap of $9.04 billion and a recent consensus rating of "Moderate Buy" with a price target averaging $117.20 among analysts.

Westfield Capital Management Co. LP lowered its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 23.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,186,149 shares of the company's stock after selling 365,400 shares during the quarter. Westfield Capital Management Co. LP owned approximately 1.33% of Shift4 Payments worth $96,920,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FOUR. Perpetual Ltd purchased a new stake in Shift4 Payments in the 1st quarter valued at approximately $56,863,000. Cat Rock Capital Management LP purchased a new position in shares of Shift4 Payments during the 4th quarter worth $39,222,000. Darlington Partners Capital Management LP lifted its stake in shares of Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock worth $260,489,000 after purchasing an additional 367,500 shares during the period. Northern Trust Corp lifted its stake in shares of Shift4 Payments by 84.4% during the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company's stock worth $54,068,000 after purchasing an additional 238,478 shares during the period. Finally, Spyglass Capital Management LLC lifted its stake in shares of Shift4 Payments by 22.7% during the 4th quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company's stock worth $101,897,000 after purchasing an additional 181,539 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Up 1.4%

NYSE FOUR traded up $1.13 during trading hours on Thursday, hitting $83.33. The company had a trading volume of 2,957,252 shares, compared to its average volume of 1,834,197. The firm's 50 day moving average is $98.60 and its 200 day moving average is $95.35. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 1.36. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 30.86 and a beta of 1.81. Shift4 Payments, Inc. has a fifty-two week low of $67.09 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.10). The business had revenue of $413.40 million for the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The firm's revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. Sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Karen Roter Davis sold 2,757 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 transaction of $260,619.21. Following the completion of the sale, the director directly owned 6,592 shares in the company, valued at $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 shares were sold at an average price of $94.53, for a total value of $94,530.00. Following the sale, the director owned 7,474 shares of the company's stock, valued at $706,517.22. This represents a 11.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,757 shares of company stock worth $1,258,449 over the last ninety days. Corporate insiders own 25.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FOUR shares. Royal Bank Of Canada reduced their price target on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research note on Thursday, July 17th. They set a "buy" rating and a $120.00 price target on the stock. BTIG Research reissued a "buy" rating on shares of Shift4 Payments in a research note on Tuesday. The Goldman Sachs Group reissued a "buy" rating and set a $104.00 price target on shares of Shift4 Payments in a research note on Wednesday. Finally, B. Riley reissued a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $114.40.

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.