Shift4 Payments, Inc. (NYSE:FOUR) Shares Purchased by Lynwood Price Capital Management LP

Key Points

• Lynwood Price Capital Management LP increased its stake in Shift4 Payments by 128.6%, acquiring an additional 58,500 shares, bringing its total ownership to approximately 104,000 shares, valued at around $8.5 million.
• Multiple institutional investors, including Darlington Partners and Northern Trust Corp, also boosted their positions in Shift4 Payments, indicating strong institutional interest with 98.87% of shares owned by institutions.
• Analysts maintain a consensus rating of "Moderate Buy" for Shift4 Payments, with a target price averaging $116.70, despite recent adjustments from various firms reflecting changing market conditions.

Lynwood Price Capital Management LP raised its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 128.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,000 shares of the company's stock after acquiring an additional 58,500 shares during the period. Shift4 Payments makes up about 4.8% of Lynwood Price Capital Management LP's investment portfolio, making the stock its 10th largest position. Lynwood Price Capital Management LP owned 0.12% of Shift4 Payments worth $8,498,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FOUR. Darlington Partners Capital Management LP boosted its stake in shares of Shift4 Payments by 17.2% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock valued at $260,489,000 after purchasing an additional 367,500 shares during the period. Geode Capital Management LLC increased its position in shares of Shift4 Payments by 10.0% in the 4th quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock valued at $120,899,000 after acquiring an additional 106,217 shares during the period. Spyglass Capital Management LLC raised its stake in shares of Shift4 Payments by 22.7% in the fourth quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company's stock worth $101,897,000 after purchasing an additional 181,539 shares during the last quarter. Perpetual Ltd purchased a new position in Shift4 Payments during the 1st quarter worth approximately $56,863,000. Finally, Northern Trust Corp raised its position in Shift4 Payments by 84.4% during the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company's stock worth $54,068,000 after buying an additional 238,478 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

Insider Transactions at Shift4 Payments

In related news, Director Karen Roter Davis sold 2,757 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $260,619.21. Following the sale, the director directly owned 6,592 shares in the company, valued at approximately $623,141.76. This trade represents a 29.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $94,530.00. Following the sale, the director owned 7,474 shares in the company, valued at approximately $706,517.22. The trade was a 11.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,757 shares of company stock worth $1,258,449 in the last three months. 25.15% of the stock is currently owned by company insiders.

Shift4 Payments Trading Down 1.0%

Shares of Shift4 Payments stock traded down $0.99 during trading hours on Friday, reaching $102.01. The stock had a trading volume of 1,096,821 shares, compared to its average volume of 1,097,152. The firm has a 50 day simple moving average of $98.60 and a two-hundred day simple moving average of $95.67. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 34.46 and a beta of 1.81. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a 1 year low of $57.45 and a 1 year high of $127.50.

Analysts Set New Price Targets

FOUR has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on shares of Shift4 Payments from $95.00 to $110.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. UBS Group decreased their target price on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their target price on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. B. Riley reaffirmed a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Finally, 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 research note on Friday. Six investment 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $117.20.

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.