CenterBook Partners LP Has $7.35 Million Stock Position in Shift4 Payments, Inc. $FOUR

CenterBook Partners LP grew its position in Shift4 Payments, Inc. (NYSE:FOUR) by 79.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,971 shares of the company’s stock after purchasing an additional 41,985 shares during the period. CenterBook Partners LP owned about 0.11% of Shift4 Payments worth $7,351,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. lifted its stake in shares of Shift4 Payments by 66.9% in the third quarter. Mawer Investment Management Ltd. now owns 178,318 shares of the company’s stock worth $13,802,000 after buying an additional 71,489 shares during the last quarter. Jennison Associates LLC raised 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 acquiring an additional 41,548 shares during the period. Rice Hall James & Associates LLC raised its holdings in Shift4 Payments by 71.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 584,231 shares of the company’s stock worth $45,219,000 after acquiring an additional 243,161 shares during the period. Maestria Partners LLC lifted its position in Shift4 Payments by 36.6% during the 3rd quarter. Maestria Partners LLC now owns 372,423 shares of the company’s stock worth $28,826,000 after acquiring an additional 99,723 shares during the last quarter. Finally, South Dakota Investment Council bought a new stake in Shift4 Payments during the second quarter valued at about $1,814,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock opened at $56.33 on Wednesday. Shift4 Payments, Inc. has a twelve month low of $52.65 and a twelve month high of $127.50. The firm has a market cap of $4.99 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 0.47 and a beta of 1.63. The firm’s 50-day simple moving average is $62.90 and its 200-day simple moving average is $73.30. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.38 and a current ratio of 1.38.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Benchmark reiterated a “buy” rating on shares of Shift4 Payments in a research note on Thursday, December 11th. Royal Bank Of Canada lowered their target price on Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Oppenheimer cut their price target on Shift4 Payments from $112.00 to $98.00 and set an “outperform” rating for the company in a report on Monday, January 12th. DA Davidson set a $104.00 price objective on Shift4 Payments in a research report on Thursday, December 18th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Shift4 Payments from $84.00 to $72.00 and set a “market perform” rating on the stock in a research report on Friday, January 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.25.

Insiders Place Their Bets

In other Shift4 Payments news, CEO David Taylor Lauber sold 12,000 shares of Shift4 Payments stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $69.00, for a total transaction of $828,000.00. Following the completion of the transaction, the chief executive officer directly owned 273,588 shares of the company’s stock, valued at approximately $18,877,572. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy Disman sold 5,000 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $69.50, for a total transaction of $347,500.00. Following the sale, the director owned 130,420 shares of the company’s stock, valued at $9,064,190. This trade represents a 3.69% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 25.15% of the company’s stock.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.