Jennison Associates LLC Lowers Position in Shift4 Payments, Inc. (NYSE:FOUR)

Jennison Associates LLC reduced its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 17.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,335,261 shares of the company’s stock after selling 498,800 shares during the period. Jennison Associates LLC’s holdings in Shift4 Payments were worth $242,353,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FOUR. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments during the third quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments in the 4th quarter worth approximately $26,000. Transcendent Capital Group LLC purchased a new position in shares of Shift4 Payments during the 3rd quarter worth approximately $27,000. Central Pacific Bank Trust Division acquired a new stake in Shift4 Payments in the 4th quarter valued at approximately $28,000. Finally, UMB Bank n.a. purchased a new stake in Shift4 Payments in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Stock Down 1.3 %

FOUR stock opened at $120.00 on Monday. The stock has a market cap of $10.81 billion, a P/E ratio of 65.22, a PEG ratio of 1.22 and a beta of 1.72. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $123.25. The company’s 50 day moving average is $108.03 and its two-hundred day moving average is $92.92.

Insider Activity at Shift4 Payments

In related news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the sale, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. This represents a 2.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock valued at $1,211,364 in the last ninety days. Insiders own 30.57% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FOUR shares. Morgan Stanley lifted their price objective on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods lowered shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target on the stock. in a research note on Monday, December 9th. Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Piper Sandler upped their target price on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, DA Davidson raised their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $107.52.

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.