Cookson Peirce & Co. Inc. Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Cookson Peirce & Co. Inc. purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,706 shares of the company’s stock, valued at approximately $904,000.

Several other institutional investors have also recently bought and sold shares of FOUR. Creative Planning bought a new stake in shares of Shift4 Payments during the third quarter worth about $293,000. QRG Capital Management Inc. boosted its holdings in Shift4 Payments by 10.7% in the third quarter. QRG Capital Management Inc. now owns 5,188 shares of the company’s stock valued at $460,000 after acquiring an additional 500 shares during the last quarter. HMS Capital Management LLC boosted its holdings in Shift4 Payments by 35.3% in the third quarter. HMS Capital Management LLC now owns 4,613 shares of the company’s stock valued at $409,000 after acquiring an additional 1,203 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Shift4 Payments by 7.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock valued at $303,000 after acquiring an additional 243 shares during the last quarter. Finally, Atria Investments Inc bought a new stake in Shift4 Payments in the third quarter valued at approximately $385,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Buying and Selling

In related news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the sale, the insider now directly owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 30.57% of the stock is owned by corporate insiders.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock opened at $94.48 on Thursday. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The stock has a 50 day moving average price of $109.61 and a 200-day moving average price of $99.11. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Equities analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. The Goldman Sachs Group increased their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods increased their price target on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Susquehanna increased their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company cut their target price on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

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.