Insider Selling: Shift4 Payments, Inc. (NYSE:FOUR) Insider Sells 12,500 Shares of Stock

Shift4 Payments, Inc. (NYSE:FOUR) insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock traded up $0.46 during trading hours on Monday, reaching $83.38. The company’s stock had a trading volume of 776,894 shares, compared to its average volume of 1,417,219. Shift4 Payments, Inc. has a one year low of $42.91 and a one year high of $92.30. The company’s 50 day simple moving average is $73.89 and its 200 day simple moving average is $70.69. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market cap of $7.30 billion, a P/E ratio of 55.65, a price-to-earnings-growth ratio of 0.77 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The firm had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. Shift4 Payments’s revenue was up 40.6% on a year-over-year basis. During the same quarter last year, the company posted $0.58 earnings per share. As a group, analysts expect that Shift4 Payments, Inc. will post 3.08 EPS for the current fiscal year.

Institutional Trading of Shift4 Payments

Hedge funds have recently made changes to their positions in the stock. J.Safra Asset Management Corp lifted its position in Shift4 Payments by 79.0% in the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after purchasing an additional 347 shares during the last quarter. Quarry LP bought a new stake in shares of Shift4 Payments during the second quarter valued at approximately $60,000. CWM LLC raised its holdings in shares of Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after buying an additional 241 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Shift4 Payments by 52,033.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company’s stock worth $108,000 after buying an additional 1,561 shares during the period. Finally, Clear Street Markets LLC bought a new position in Shift4 Payments in the 4th quarter worth approximately $112,000. Institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Morgan Stanley lifted their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. DA Davidson upped their target price on shares of Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Wedbush initiated coverage on shares of Shift4 Payments in a research note on Friday, May 24th. They set a “neutral” rating and a $75.00 price target on the stock. Finally, Susquehanna reissued a “positive” rating and issued a $97.00 price objective on shares of Shift4 Payments in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.05.

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.