David Taylor Lauber Sells 12,000 Shares of Shift4 Payments (NYSE:FOUR) Stock

Shift4 Payments, Inc. (NYSE:FOUR) CEO David Taylor Lauber sold 12,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $69.00, for a total value of $828,000.00. Following the completion of the transaction, the chief executive officer owned 273,588 shares in the company, valued at approximately $18,877,572. The trade was a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shift4 Payments Stock Performance

Shares of FOUR stock traded down $2.56 during trading hours on Monday, hitting $66.19. The stock had a trading volume of 1,735,918 shares, compared to its average volume of 1,578,022. The firm has a market capitalization of $5.87 billion, a PE ratio of 31.07, a PEG ratio of 0.70 and a beta of 1.68. Shift4 Payments, Inc. has a twelve month low of $61.23 and a twelve month high of $127.50. The stock’s 50 day moving average is $71.39 and its 200 day moving average is $85.23. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.38 and a quick ratio of 1.38.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The firm’s quarterly revenue was up 61.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 earnings per share. As a group, research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors have recently modified their holdings of the stock. Jennison Associates LLC raised its stake in shares of Shift4 Payments by 2.6% during the second quarter. Jennison Associates LLC now owns 1,636,924 shares of the company’s stock valued at $162,236,000 after purchasing an additional 41,548 shares in the last quarter. South Dakota Investment Council bought a new stake in Shift4 Payments during the second quarter worth approximately $1,814,000. Bessemer Group Inc. lifted its position in Shift4 Payments by 36.6% in the second quarter. Bessemer Group Inc. now owns 368,981 shares of the company’s stock worth $36,570,000 after purchasing an additional 98,919 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Shift4 Payments during the 2nd quarter valued at $1,467,000. Finally, Spyglass Capital Management LLC raised its position in Shift4 Payments by 2.6% in the second quarter. Spyglass Capital Management LLC now owns 1,027,983 shares of the company’s stock worth $101,883,000 after acquiring an additional 25,653 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of research reports. Mizuho cut their target price on shares of Shift4 Payments from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday, October 28th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $90.00 target price on shares of Shift4 Payments in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Shift4 Payments in a report on Monday, December 8th. DA Davidson cut their target price on shares of Shift4 Payments from $114.00 to $104.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Finally, Royal Bank Of Canada lowered their price target on shares of Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $96.95.

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.