Cubist Systematic Strategies LLC Makes New $5.02 Million Investment 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 acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC raised its position in Shift4 Payments by 253.0% during the 1st quarter. SG Americas Securities LLC now owns 11,705 shares of the company's stock worth $956,000 after purchasing an additional 8,389 shares during the last quarter. Fifth Third Bancorp boosted its position in Shift4 Payments by 4.1% during the first quarter. Fifth Third Bancorp now owns 4,646 shares of the company's stock valued at $380,000 after buying an additional 181 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Shift4 Payments by 54.7% during the first quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company's stock worth $98,000 after purchasing an additional 424 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Shift4 Payments by 5.6% during the first quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company's stock valued at $298,000 after purchasing an additional 194 shares in the last quarter. Finally, Spire Wealth Management increased its position in shares of Shift4 Payments by 24.0% during the first quarter. Spire Wealth Management now owns 1,012 shares of the company's stock valued at $83,000 after acquiring an additional 196 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

FOUR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a report on Thursday, July 17th. They issued a "buy" rating and a $120.00 target price on the stock. Morgan Stanley lowered their price target on shares of Shift4 Payments from $100.00 to $92.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. UBS Group dropped their price target on shares of Shift4 Payments from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Truist Financial raised their price objective on shares of Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Finally, BTIG Research reaffirmed a "buy" rating on shares of Shift4 Payments in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $115.21.

Shift4 Payments Stock Up 0.8%

NYSE:FOUR traded up $0.67 during mid-day trading on Tuesday, reaching $87.98. The stock had a trading volume of 219,740 shares, compared to its average volume of 1,798,295. The stock has a market cap of $7.78 billion, a P/E ratio of 32.53, a PEG ratio of 0.87 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 business's 50 day moving average is $95.94 and its 200 day moving average is $90.59. Shift4 Payments, Inc. has a fifty-two week low of $68.09 and a fifty-two week high of $127.50.

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

Insider Buying and Selling at Shift4 Payments

In related news, CEO David Taylor Lauber sold 2,500 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total value of $221,475.00. Following the completion of the sale, the chief executive officer directly owned 285,588 shares in the company, valued at $25,300,240.92. The trade was a 0.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the business's 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 transaction, the chief financial officer directly owned 167,622 shares of the company's stock, 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. Insiders sold 17,051 shares of company stock worth $1,551,297 in the last three months. 25.15% of the stock is owned by insiders.

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.