Brevan Howard Capital Management LP Acquires Shares of 24,779 Shift4 Payments, Inc. (NYSE:FOUR)

Brevan Howard Capital Management LP purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,779 shares of the company’s stock, valued at approximately $2,572,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moody National Bank Trust Division raised its stake in shares of Shift4 Payments by 86.5% in the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock valued at $1,645,000 after acquiring an additional 7,349 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at $812,000. Cerity Partners LLC raised its position in shares of Shift4 Payments by 35.7% during the fourth quarter. Cerity Partners LLC now owns 4,629 shares of the company’s stock worth $480,000 after acquiring an additional 1,218 shares during the last quarter. Lebenthal Global Advisors LLC acquired a new position in shares of Shift4 Payments during the fourth quarter valued at $328,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Shift4 Payments during the 4th quarter valued at about $358,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Trading Up 0.3 %

Shares of Shift4 Payments stock opened at $82.58 on Tuesday. The stock has a market cap of $7.36 billion, a P/E ratio of 26.90, 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. The business’s 50 day moving average is $83.80 and its 200-day moving average is $98.22. Shift4 Payments, Inc. has a 12-month low of $56.10 and a 12-month high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.31. The business had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm’s revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. Equities research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This represents a 0.94 % 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 in the last quarter. Corporate insiders own 30.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on FOUR. BTIG Research decreased their target price on Shift4 Payments from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Royal Bank of Canada lowered their target price on shares of Shift4 Payments from $154.00 to $127.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. UBS Group decreased their price target on shares of Shift4 Payments from $138.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Benchmark raised Shift4 Payments from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods reduced their target price on Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating on the stock in a report on Monday, March 31st. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and an average target price of $112.38.

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.