Cubist Systematic Strategies LLC Takes $5.02 Million Position in Shift4 Payments, Inc. $FOUR

Key Points

• Cubist Systematic Strategies LLC has acquired a new stake in Shift4 Payments, purchasing 61,486 shares valued at approximately $5.02 million, representing 0.07% ownership as of the latest SEC filing.
• Analysts have varying views on Shift4 Payments, with UBS Group reducing their target price to $115.00 while Raymond James Financial increased theirs to $140.00, resulting in an average price target of $114.40 across analysts.
• Insider trading activities include a sale of 2,757 shares by Director Karen Roter Davis and a purchase of 104,705 shares by Chairman Jared Isaacman, indicating fluctuating insider confidence in the company's stock.

Cubist Systematic Strategies LLC purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 61,486 shares of the company's stock, valued at approximately $5,024,000. Cubist Systematic Strategies LLC owned 0.07% of Shift4 Payments as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FOUR. Heck Capital Advisors LLC acquired a new position in Shift4 Payments during the fourth quarter worth $26,000. SRH Advisors LLC acquired a new position in Shift4 Payments during the first quarter worth $26,000. Elequin Capital LP boosted its holdings in Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after purchasing an additional 114 shares during the last quarter. Harbour Investments Inc. acquired a new position in Shift4 Payments during the first quarter worth $32,000. Finally, Valley National Advisers Inc. boosted its holdings in Shift4 Payments by 41.7% during the first quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on FOUR shares. UBS Group reduced their target price on shares of Shift4 Payments from $125.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. DA Davidson restated a "buy" rating and set a $124.00 target price on shares of Shift4 Payments in a report on Thursday, June 5th. Keefe, Bruyette & Woods reduced their target price on shares of Shift4 Payments from $110.00 to $100.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. B. Riley restated a "buy" rating on shares of Shift4 Payments in a report on Monday, June 2nd. Finally, Raymond James Financial restated a "strong-buy" rating and set a $140.00 target price (up previously from $130.00) on shares of Shift4 Payments in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $114.40.

Insider Buying and Selling

In other news, Director Karen Roter Davis sold 2,757 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $260,619.21. Following the transaction, the director directly owned 6,592 shares of the company's stock, valued at $623,141.76. This represents a 29.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Jared Isaacman acquired 104,705 shares of the company's stock in a transaction dated Monday, August 11th. The stock was bought at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the transaction, the chairman directly owned 939,715 shares of the company's stock, valued at approximately $78,569,571.15. This trade represents a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 14,551 shares of company stock valued at $1,329,822. 25.15% of the stock is currently owned by insiders.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $88.39 on Thursday. The stock has a market cap of $7.82 billion, a P/E ratio of 32.74, a P/E/G ratio of 0.90 and a beta of 1.72. 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 company has a fifty day moving average price of $96.61 and a two-hundred day moving average price of $91.29. Shift4 Payments, Inc. has a one year low of $68.09 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced 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). The firm had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The business's revenue was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. As a group, equities analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

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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