Lynwood Price Capital Management LP Cuts Stock Position in Shift4 Payments, Inc. $FOUR

Lynwood Price Capital Management LP decreased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 80.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,000 shares of the company’s stock after selling 84,000 shares during the period. Shift4 Payments accounts for approximately 1.0% of Lynwood Price Capital Management LP’s portfolio, making the stock its 15th biggest position. Lynwood Price Capital Management LP’s holdings in Shift4 Payments were worth $1,982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hunter Associates Investment Management LLC grew its position in shares of Shift4 Payments by 7.4% in the 2nd quarter. Hunter Associates Investment Management LLC now owns 89,097 shares of the company’s stock valued at $8,829,000 after buying an additional 6,105 shares during the last quarter. Bank of Montreal Can lifted its position in Shift4 Payments by 8.1% in the second quarter. Bank of Montreal Can now owns 315,026 shares of the company’s stock valued at $31,222,000 after purchasing an additional 23,644 shares during the period. Intellectus Partners LLC raised its position in Shift4 Payments by 17.0% in the second quarter. Intellectus Partners LLC now owns 18,625 shares of the company’s stock worth $1,846,000 after acquiring an additional 2,700 shares in the last quarter. South Dakota Investment Council purchased a new stake in Shift4 Payments during the second quarter worth about $1,814,000. Finally, Nicholas Company Inc. grew its holdings in shares of Shift4 Payments by 0.8% in the 2nd quarter. Nicholas Company Inc. now owns 180,500 shares of the company’s stock worth $17,889,000 after acquiring an additional 1,416 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

In other news, Chairman Jared Isaacman bought 104,705 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was bought at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the acquisition, the chairman directly owned 939,715 shares in the company, valued at $78,569,571.15. This represents a 12.54% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the transaction, the chief executive officer directly owned 285,588 shares in the company, valued at approximately $25,300,240.92. This trade represents a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 25.15% of the stock is currently owned by corporate insiders.

Shift4 Payments Price Performance

Shares of FOUR opened at $69.20 on Monday. The stock’s fifty day moving average is $81.39 and its 200-day moving average is $88.77. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 0.70 and a beta of 1.72. Shift4 Payments, Inc. has a one year low of $66.11 and a one year high of $127.50. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.10). Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The company had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. During the same quarter last year, the business earned $0.96 earnings per share. The company’s revenue was up 28.9% on a year-over-year basis. Equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analyst Ratings Changes

FOUR has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, October 3rd. Raymond James Financial decreased their target price on Shift4 Payments from $126.00 to $120.00 and set a “strong-buy” rating for the company in a research report on Friday, October 10th. Keefe, Bruyette & Woods dropped their price target on shares of Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings lowered Shift4 Payments from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $104.00 price target on shares of Shift4 Payments in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.85.

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.