Cat Rock Capital Management LP Invests $39.22 Million in Shift4 Payments, Inc. (NYSE:FOUR)

Cat Rock Capital Management LP purchased a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 377,930 shares of the company's stock, valued at approximately $39,222,000. Shift4 Payments accounts for about 5.1% of Cat Rock Capital Management LP's investment portfolio, making the stock its 9th biggest holding. Cat Rock Capital Management LP owned 0.42% of Shift4 Payments at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FOUR. Heck Capital Advisors LLC bought a new position in Shift4 Payments in the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its position in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after acquiring an additional 157 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments in the 4th quarter worth $28,000. UMB Bank n.a. bought a new position in Shift4 Payments during the 4th quarter worth about $29,000. Finally, Valley National Advisers Inc. acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at about $31,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of research reports. Susquehanna increased their price objective on Shift4 Payments from $100.00 to $125.00 and gave the stock a "positive" rating in a report on Wednesday, April 30th. Oppenheimer lowered their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Piper Sandler reduced their target price on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Stephens reiterated an "overweight" rating and issued a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. Finally, DA Davidson reduced their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $112.38.

Shift4 Payments Stock Performance

Shares of NYSE:FOUR traded up $0.26 during trading on Friday, reaching $85.69. 1,221,769 shares of the stock were exchanged, compared to its average volume of 1,674,439. Shift4 Payments, Inc. has a 12 month low of $57.45 and a 12 month high of $127.50. The stock has a 50-day moving average price of $82.83 and a 200-day moving average price of $97.93. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The firm 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.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.31. The firm had revenue of $368.50 million for the quarter, compared to analysts' expectations of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company's quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. Research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments 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 completion of the transaction, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at $15,094,317.56. The trade was a 5.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the 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 directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 in the last quarter. Company insiders own 30.57% of the company's stock.

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.