Lynwood Price Capital Management LP Acquires Shares of 45,500 Shift4 Payments, Inc. (NYSE:FOUR)

Lynwood Price Capital Management LP purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 45,500 shares of the company’s stock, valued at approximately $4,722,000. Shift4 Payments accounts for approximately 3.3% of Lynwood Price Capital Management LP’s holdings, making the stock its 14th largest holding.

A number of other large investors have also added to or reduced their stakes in the stock. Captrust Financial Advisors grew its stake in Shift4 Payments by 63.5% during the third quarter. Captrust Financial Advisors now owns 14,615 shares of the company’s stock worth $1,295,000 after buying an additional 5,674 shares in the last quarter. Centiva Capital LP lifted its holdings in shares of Shift4 Payments by 104.3% during the 3rd quarter. Centiva Capital LP now owns 8,504 shares of the company’s stock worth $753,000 after acquiring an additional 4,342 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Shift4 Payments during the 3rd quarter worth approximately $448,000. Quantinno Capital Management LP increased its stake in Shift4 Payments by 204.9% in the third quarter. Quantinno Capital Management LP now owns 26,254 shares of the company’s stock valued at $2,326,000 after acquiring an additional 17,642 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Shift4 Payments by 14.3% in the third quarter. Stifel Financial Corp now owns 56,894 shares of the company’s stock valued at $5,041,000 after acquiring an additional 7,117 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the transaction, the president now owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,695 shares of company stock worth $1,097,380. 30.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

FOUR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research note on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target on the stock. Piper Sandler reissued an “overweight” rating and set a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. DA Davidson decreased their price target on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Morgan Stanley decreased their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $113.45.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $79.18 on Friday. The firm has a market capitalization of $7.06 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.04 and a beta of 1.80. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $127.50. The company has a fifty day moving average of $100.67 and a 200-day moving average of $99.97.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. As a group, sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Shift4 Payments Company 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.