Sarah Goldsmith-Grover Sells 1,000 Shares of Shift4 Payments, Inc. (NYSE:FOUR) Stock

Shift4 Payments, Inc. (NYSE:FOUR) Director Sarah Goldsmith-Grover sold 1,000 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 $94,530.00. Following the completion of the sale, the director now owns 7,474 shares of the company’s stock, valued at $706,517.22. This trade represents a 11.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shift4 Payments Trading Up 3.1%

NYSE:FOUR opened at $91.45 on Tuesday. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50. 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 firm 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 firm has a 50-day simple moving average of $86.52 and a 200-day simple moving average of $96.37.

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

Wall Street Analysts Forecast Growth

FOUR has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Piper Sandler lowered their target price on shares of Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Benchmark upgraded shares of Shift4 Payments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 30th. Truist Financial started coverage on shares of Shift4 Payments in a research note on Monday, June 2nd. They issued a “hold” rating and a $97.00 price target on the stock. Finally, Raymond James decreased their price objective on shares of Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating for the company in a report on Friday, April 4th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average target price of $115.35.

Institutional Investors Weigh In On Shift4 Payments

Several large investors have recently modified their holdings of the business. Strs Ohio bought a new stake in shares of Shift4 Payments in the 1st quarter valued at about $930,000. Empowered Funds LLC bought a new position in shares of Shift4 Payments during the 1st quarter worth approximately $5,639,000. United Services Automobile Association bought a new position in shares of Shift4 Payments during the 1st quarter worth approximately $357,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Shift4 Payments by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,992 shares of the company’s stock worth $3,760,000 after acquiring an additional 2,211 shares in the last quarter. Finally, Banque Transatlantique SA bought a new position in shares of Shift4 Payments during the 1st quarter worth approximately $27,000. 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.