CenterBook Partners LP Trims Stock Holdings in Shift4 Payments, Inc. $FOUR

CenterBook Partners LP reduced its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 53.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,986 shares of the company’s stock after selling 59,634 shares during the period. CenterBook Partners LP owned 0.06% of Shift4 Payments worth $5,251,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jennison Associates LLC lifted its holdings in Shift4 Payments by 2.6% in the 2nd quarter. Jennison Associates LLC now owns 1,636,924 shares of the company’s stock worth $162,236,000 after purchasing an additional 41,548 shares in the last quarter. South Dakota Investment Council bought a new stake in shares of Shift4 Payments during the second quarter valued at approximately $1,814,000. Bessemer Group Inc. lifted its holdings in shares of Shift4 Payments by 36.6% in the second quarter. Bessemer Group Inc. now owns 368,981 shares of the company’s stock worth $36,570,000 after buying an additional 98,919 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Shift4 Payments in the second quarter worth $1,467,000. Finally, Strs Ohio bought a new position in shares of Shift4 Payments during the first quarter worth $930,000. 98.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction dated Wednesday, September 3rd. The shares were 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 of the company’s stock, valued at approximately $25,300,240.92. The trade was a 0.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James J. Whalen sold 1,438 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $71.50, for a total transaction of $102,817.00. Following the transaction, the insider owned 54,736 shares in the company, valued at $3,913,624. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 25.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FOUR. Weiss Ratings reiterated a “hold (c)” rating on shares of Shift4 Payments in a research note on Wednesday. Morgan Stanley reduced their target price on Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Friday, October 3rd. Royal Bank Of Canada dropped their price target on Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Benchmark cut their price target on Shift4 Payments from $111.00 to $100.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, The Goldman Sachs Group decreased their price objective on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating on the stock in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

Shift4 Payments Trading Up 5.1%

Shares of FOUR stock opened at $68.93 on Friday. Shift4 Payments, Inc. has a 1 year low of $61.23 and a 1 year high of $127.50. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.38 and a quick ratio of 1.38. The stock’s 50 day simple moving average is $75.33 and its two-hundred day simple moving average is $87.42. The company has a market cap of $6.11 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.71.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the firm posted $1.04 EPS. Shift4 Payments’s revenue for the quarter was up 61.4% compared to the same quarter last year. Shift4 Payments has set its FY 2025 guidance at EPS. Research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Shift4 Payments 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.