Brevan Howard Capital Management LP Acquires New Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments during the 4th quarter valued at $26,000. Rakuten Securities Inc. boosted 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 worth $27,000 after buying an additional 157 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Shift4 Payments during the 4th quarter valued at about $28,000. UMB Bank n.a. acquired a new position in Shift4 Payments during the 4th quarter worth approximately $29,000. Finally, Valley National Advisers Inc. purchased a new position in Shift4 Payments in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Price Performance

NYSE FOUR traded up $0.26 on Friday, reaching $85.69. The company's stock had a trading volume of 1,221,769 shares, compared to its average volume of 1,674,439. The firm's 50 day moving average is $82.83 and its two-hundred day moving average is $97.93. The stock has a market cap of $7.63 billion, a PE ratio of 27.91, a PEG ratio of 1.04 and a beta of 1.80. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a twelve month low of $57.45 and a twelve month high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. The business had revenue of $368.50 million during 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%. Shift4 Payments's revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analyst Ratings Changes

FOUR has been the topic of several analyst reports. Raymond James dropped their price target on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 4th. Evercore ISI started coverage on Shift4 Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price target on the stock. BTIG Research lowered their price objective on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada reduced their target price on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Morgan Stanley dropped their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $112.38.

Insider Activity at Shift4 Payments

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

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.