Boston Partners Lowers Position in Shift4 Payments, Inc. (NYSE:FOUR)

Key Points

• Boston Partners has reduced its stake in Shift4 Payments, Inc. by 1.2%, now owning approximately 978,836 shares valued at around $79.8 million.
• During the 1st quarter, several institutional investors increased their holdings in Shift4 Payments, with CenterBook Partners LP growing by a staggering 350.5%.
• Shift4 Payments reported an EPS of $1.10 for the last quarter, missing estimates by $0.10, with revenue reaching $413.4 million, compared to expectations of nearly $968 million.

Boston Partners cut its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 978,836 shares of the company's stock after selling 11,580 shares during the quarter. Boston Partners owned 1.10% of Shift4 Payments worth $79,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FOUR. Nuveen LLC bought a new position in shares of Shift4 Payments in the first quarter valued at approximately $12,312,000. King Luther Capital Management Corp grew its holdings in shares of Shift4 Payments by 1.5% in the first quarter. King Luther Capital Management Corp now owns 52,037 shares of the company's stock valued at $4,252,000 after acquiring an additional 757 shares in the last quarter. Swiss National Bank grew its holdings in shares of Shift4 Payments by 2.3% in the first quarter. Swiss National Bank now owns 118,100 shares of the company's stock valued at $9,650,000 after acquiring an additional 2,700 shares in the last quarter. CenterBook Partners LP grew its holdings in shares of Shift4 Payments by 350.5% in the first quarter. CenterBook Partners LP now owns 112,620 shares of the company's stock valued at $9,202,000 after acquiring an additional 87,619 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Shift4 Payments by 88.5% in the first quarter. Blair William & Co. IL now owns 231,422 shares of the company's stock valued at $18,909,000 after acquiring an additional 108,674 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $89.13 on Friday. Shift4 Payments, Inc. has a one year low of $68.09 and a one year high of $127.50. The business has a fifty day moving average price of $97.55 and a 200-day moving average price of $94.11. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. The firm has a market capitalization of $7.90 billion, a P/E ratio of 33.01, a PEG ratio of 0.89 and a beta of 1.81.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%. The company had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. During the same period in the previous year, the business earned $0.96 earnings per share. Shift4 Payments's revenue was up 28.9% on a year-over-year basis. As a group, equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insiders Place Their Bets

In related news, Director Karen Roter Davis sold 2,757 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $260,619.21. Following the sale, the director owned 6,592 shares in the company, valued at approximately $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $90.33, for a total value of $903,300.00. Following the completion of the sale, the chief financial officer owned 167,622 shares in the company, valued at $15,141,295.26. This trade represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FOUR shares. William Blair reaffirmed an "outperform" rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Benchmark raised Shift4 Payments from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $140.00 target price (up from $130.00) on shares of Shift4 Payments in a report on Friday, August 1st. Keefe, Bruyette & Woods reduced their price objective on Shift4 Payments from $110.00 to $100.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Finally, Susquehanna increased their price objective on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.40.

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.

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