Karen Roter Davis Sells 2,757 Shares of Shift4 Payments, Inc. (NYSE:FOUR) Stock

Shift4 Payments, Inc. (NYSE:FOUR) Director Karen Roter Davis sold 2,757 shares of Shift4 Payments stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $260,619.21. Following the transaction, the director now directly owns 6,592 shares in the company, valued at approximately $623,141.76. The trade was a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shift4 Payments Stock Performance

NYSE FOUR opened at $91.45 on Tuesday. The company has a market cap of $8.10 billion, a P/E ratio of 29.79, a P/E/G ratio of 1.04 and a beta of 1.82. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The business’s 50 day moving average price is $86.52 and its 200-day moving average price is $96.37. Shift4 Payments, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.31. The firm had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. Sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analyst Weigh In

FOUR has been the topic of a number of analyst reports. Evercore ISI started coverage on Shift4 Payments in a research report on Wednesday, April 9th. They set an “in-line” rating and a $80.00 price objective on the stock. Wall Street Zen cut Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods lowered their price target on Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating on the stock in a report on Monday, March 31st. DA Davidson reissued a “buy” rating and issued a $124.00 price target on shares of Shift4 Payments in a report on Thursday, June 5th. Finally, Truist Financial started coverage on Shift4 Payments in a report on Monday, June 2nd. They issued a “hold” rating and a $97.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.35.

Hedge Funds Weigh In On Shift4 Payments

Large investors have recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new position in shares of Shift4 Payments during the 4th quarter valued at approximately $26,000. SRH Advisors LLC bought a new position in Shift4 Payments in the 1st quarter valued at $26,000. Rakuten Securities Inc. grew its position in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after acquiring an additional 157 shares during the last quarter. Banque Transatlantique SA bought a new position in Shift4 Payments in the 1st quarter valued at $27,000. Finally, Elequin Capital LP grew its position in Shift4 Payments by 62.3% in the 4th quarter. Elequin Capital LP now owns 297 shares of the company’s stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. 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.