Rice Hall James & Associates LLC decreased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 20.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,673 shares of the company's stock after selling 6,693 shares during the period. Rice Hall James & Associates LLC's holdings in Shift4 Payments were worth $2,275,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FOUR. Clearbridge Investments LLC raised its holdings in Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company's stock valued at $169,800,000 after acquiring an additional 235,355 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Shift4 Payments by 11,776.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company's stock valued at $126,947,000 after purchasing an additional 1,716,132 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Shift4 Payments by 21.7% in the 1st quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company's stock valued at $94,803,000 after purchasing an additional 255,741 shares during the last quarter. Westfield Capital Management Co. LP increased its position in shares of Shift4 Payments by 72.8% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company's stock valued at $88,088,000 after purchasing an additional 561,707 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its position in shares of Shift4 Payments by 6,185.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company's stock valued at $80,358,000 after purchasing an additional 1,078,115 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

A number of equities research analysts have commented on FOUR shares. Wells Fargo & Company increased their price objective on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an "overweight" rating in a research report on Friday, September 20th. Barclays began coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They issued an "overweight" rating and a $120.00 target price on the stock. Stephens increased their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. The Goldman Sachs Group increased their target price on shares of Shift4 Payments from $96.00 to $106.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Finally, Benchmark reaffirmed a "buy" rating and issued a $99.00 target price on shares of Shift4 Payments in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.11.

Read Our Latest Research Report on FOUR

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the sale, the chief financial officer now owns 182,959 shares of the company's stock, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Shares of NYSE FOUR opened at $90.53 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. Shift4 Payments, Inc. has a 52 week low of $45.92 and a 52 week high of $96.96. The firm has a 50-day moving average price of $87.20 and a 200 day moving average price of $75.06. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 54.87, a price-to-earnings-growth ratio of 1.04 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The firm had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. During the same period last year, the firm posted $0.58 EPS. The firm's revenue for the quarter was up 40.6% on a year-over-year basis. Equities research analysts anticipate that Shift4 Payments, Inc. will post 3.11 EPS for the current fiscal year.

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.

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