Shift4 Payments, Inc. (NYSE:FOUR) President David Taylor Lauber Sells 2,500 Shares

Shift4 Payments, Inc. (NYSE:FOUR) President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $89.25 on Tuesday. The stock has a market cap of $7.95 billion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The firm’s fifty day simple moving average is $108.65 and its 200 day simple moving average is $99.45. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. As a group, research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Susquehanna raised their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 price target on the stock. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Morgan Stanley decreased their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Finally, Barclays decreased their price target on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.30.

Institutional Trading of Shift4 Payments

A number of hedge funds have recently modified their holdings of FOUR. QRG Capital Management Inc. boosted its holdings in shares of Shift4 Payments by 10.7% during the 3rd quarter. QRG Capital Management Inc. now owns 5,188 shares of the company’s stock valued at $460,000 after buying an additional 500 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Shift4 Payments by 7.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock valued at $303,000 after buying an additional 243 shares in the last quarter. Atria Investments Inc bought a new stake in shares of Shift4 Payments during the 3rd quarter valued at $385,000. Transcendent Capital Group LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter worth about $27,000. Finally, WCM Investment Management LLC raised its position in shares of Shift4 Payments by 0.6% in the 3rd quarter. WCM Investment Management LLC now owns 265,128 shares of the company’s stock worth $23,291,000 after purchasing an additional 1,526 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

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.