CenterBook Partners LP Makes New $2.60 Million Investment in Shift4 Payments, Inc. (NYSE:FOUR)

CenterBook Partners LP purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,001 shares of the company's stock, valued at approximately $2,595,000.

Other hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in Shift4 Payments in the 4th quarter valued at about $26,000. Rakuten Securities Inc. raised its position in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $28,000. UMB Bank n.a. bought a new position in Shift4 Payments in the 4th quarter worth approximately $29,000. Finally, Valley National Advisers Inc. purchased a new stake in shares of Shift4 Payments during the fourth quarter worth $31,000. Institutional investors own 98.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FOUR. Evercore ISI started coverage on shares of Shift4 Payments in a report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 target price on the stock. DA Davidson cut their price objective on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a report on Monday, February 24th. BTIG Research lowered their target price on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $154.00 price target on shares of Shift4 Payments in a research note on Tuesday, March 4th. Finally, Stephens restated an "overweight" rating and set a $125.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 19th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Shift4 Payments has a consensus rating of "Moderate Buy" and a consensus price target of $109.24.

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Shift4 Payments Stock Performance

NYSE:FOUR traded up $1.82 during trading hours on Tuesday, hitting $78.32. 285,337 shares of the company were exchanged, compared to its average volume of 1,592,900. The company's 50 day moving average price is $93.26 and its 200-day moving average price is $99.53. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. As a group, research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the transaction, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, the chief financial officer now owns 177,622 shares of the company's stock, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 over the last quarter. Insiders own 30.57% of the company's stock.

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.