Insider Selling: Shift4 Payments, Inc. (NYSE:FOUR) President Sells 2,500 Shares of Stock

Shift4 Payments, Inc. (NYSE:FOUR) President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the transaction, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shift4 Payments Price Performance

NYSE:FOUR opened at $90.36 on Thursday. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The business’s 50-day moving average is $108.08 and its 200 day moving average is $99.45. The company has a market capitalization of $8.05 billion, a P/E ratio of 29.43, a P/E/G ratio of 1.04 and a beta of 1.76.

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

Analysts Set New Price Targets

Several analysts have issued reports on FOUR shares. B. Riley boosted their price target on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. DA Davidson cut their price target on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. Royal Bank of Canada reissued an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a report on Tuesday, March 4th. The Goldman Sachs Group boosted their price target on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research note on Monday, February 3rd. They issued a “hold” rating and a $120.00 price objective for the company. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.30.

Institutional Investors Weigh In On Shift4 Payments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOUR. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments during the fourth quarter valued at approximately $26,000. Transcendent Capital Group LLC purchased a new stake in Shift4 Payments during the third quarter valued at approximately $27,000. Rakuten Securities Inc. raised its position in Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Shift4 Payments during the fourth quarter valued at approximately $28,000. Finally, UMB Bank n.a. bought a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $29,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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.