Shift4 Payments (NYSE:FOUR) Director Sells $347,500.00 in Stock

Shift4 Payments, Inc. (NYSE:FOUR) Director Nancy Disman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $69.50, for a total transaction of $347,500.00. Following the transaction, the director owned 130,420 shares of the company’s stock, valued at approximately $9,064,190. This represents a 3.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shift4 Payments Trading Down 1.7%

Shares of FOUR opened at $64.51 on Thursday. Shift4 Payments, Inc. has a 1 year low of $61.23 and a 1 year high of $127.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.27. The stock has a 50 day simple moving average of $70.83 and a 200-day simple moving average of $84.88. The stock has a market cap of $5.72 billion, a PE ratio of 30.28, a PEG ratio of 0.67 and a beta of 1.68.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.03). Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm earned $1.04 EPS. Shift4 Payments’s quarterly revenue was up 61.4% compared to the same quarter last year. On average, sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. acquired a new stake in shares of Shift4 Payments during the 3rd quarter worth approximately $77,303,000. Wasatch Advisors LP grew its holdings in Shift4 Payments by 16.4% during the 2nd quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock worth $628,215,000 after acquiring an additional 890,990 shares during the period. Durable Capital Partners LP raised its position in shares of Shift4 Payments by 15.4% during the 1st quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company’s stock valued at $483,706,000 after acquiring an additional 788,952 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Shift4 Payments by 1,128.5% in the 3rd quarter. Marshall Wace LLP now owns 839,330 shares of the company’s stock valued at $64,964,000 after purchasing an additional 771,007 shares during the period. Finally, ShawSpring Partners LLC lifted its stake in shares of Shift4 Payments by 60.7% in the 3rd quarter. ShawSpring Partners LLC now owns 1,251,374 shares of the company’s stock valued at $96,856,000 after purchasing an additional 472,652 shares during the period. Institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FOUR. Royal Bank Of Canada dropped their target price on shares of Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. DA Davidson dropped their price objective on shares of Shift4 Payments from $114.00 to $104.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. The Goldman Sachs Group reduced their target price on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Susquehanna dropped their price target on Shift4 Payments from $125.00 to $115.00 and set a “positive” rating for the company in a report on Friday, November 7th. Finally, UBS Group cut their price objective on Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus 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.