Insider Selling: Shift4 Payments, Inc. (NYSE:FOUR) CFO Sells 10,000 Shares of Stock

Shift4 Payments, Inc. (NYSE:FOUR) CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, the chief financial officer now directly owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shift4 Payments Price Performance

FOUR stock traded up $2.72 during trading on Monday, hitting $87.22. The company had a trading volume of 1,859,941 shares, compared to its average volume of 1,561,047. The business has a 50 day moving average of $107.10 and a 200 day moving average of $99.63. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 1.04 and a beta of 1.76. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $127.50.

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

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FOUR. Wasatch Advisors LP boosted its stake in Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after buying an additional 562,774 shares during the period. Cat Rock Capital Management LP bought a new position in Shift4 Payments during the fourth quarter valued at about $39,222,000. Darlington Partners Capital Management LP raised its position in Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock worth $260,489,000 after acquiring an additional 367,500 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Shift4 Payments by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after acquiring an additional 350,703 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

FOUR has been the subject of several research reports. Keefe, Bruyette & Woods lifted their target price on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. Oppenheimer lowered their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. DA Davidson reduced their price target on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Wells Fargo & Company lowered their price objective on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Finally, Piper Sandler reiterated an “overweight” rating and set a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.30.

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.