Insider Selling: Shift4 Payments, Inc. (NYSE:FOUR) Director Sells 1,000 Shares of Stock

Shift4 Payments, Inc. (NYSE:FOUR) Director Sarah Goldsmith-Grover sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $94,530.00. Following the transaction, the director now owns 7,474 shares in the company, valued at $706,517.22. This trade represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shift4 Payments Price Performance

Shares of FOUR opened at $91.92 on Thursday. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 0.65 and a beta of 1.82. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.36 and a current ratio of 1.36. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50. The stock’s fifty day moving average is $86.87 and its 200-day moving average is $96.31.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.31. The firm had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. Shift4 Payments’s revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. Equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FOUR shares. Evercore ISI started coverage on Shift4 Payments in a research note on Wednesday, April 9th. They set an “in-line” rating and a $80.00 price objective on the stock. Susquehanna raised their target price on Shift4 Payments from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, April 30th. Benchmark upgraded Shift4 Payments from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 30th. DA Davidson reiterated a “buy” rating and issued a $124.00 target price on shares of Shift4 Payments in a research note on Thursday, June 5th. Finally, Raymond James Financial cut their target price on Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 4th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.35.

Hedge Funds Weigh In On Shift4 Payments

Institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC increased its stake in Shift4 Payments by 35.7% in the 4th quarter. Cerity Partners LLC now owns 4,629 shares of the company’s stock worth $480,000 after purchasing an additional 1,218 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Shift4 Payments by 114.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,755 shares of the company’s stock valued at $1,635,000 after buying an additional 8,403 shares during the last quarter. UMB Bank n.a. lifted its holdings in Shift4 Payments by 91.4% in the 1st quarter. UMB Bank n.a. now owns 534 shares of the company’s stock worth $44,000 after purchasing an additional 255 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in Shift4 Payments in the 4th quarter worth approximately $1,677,000. Finally, Vanguard Group Inc. increased its position in Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock worth $678,668,000 after buying an additional 562,774 shares during the period. Hedge funds and other institutional investors own 98.87% 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.