Shift4 Payments, Inc. (NYSE:FOUR) President David Taylor Lauber Sells 2,500 Shares

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

Shift4 Payments Trading Down 0.3 %

Shares of FOUR stock opened at $88.97 on Wednesday. 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 firm’s 50 day moving average is $108.35 and its 200 day moving average is $99.51. The stock has a market capitalization of $7.93 billion, a P/E ratio of 28.98, a P/E/G ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The business had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. Research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Institutional Trading of Shift4 Payments

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments in the 4th quarter worth $26,000. Rakuten Securities Inc. boosted its stake in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Shift4 Payments during the 4th quarter worth about $28,000. UMB Bank n.a. purchased a new position in shares of Shift4 Payments during the 4th quarter worth about $29,000. Finally, Elequin Capital LP boosted its stake in shares of Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company’s stock worth $31,000 after purchasing an additional 114 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays lowered their target price on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. The Goldman Sachs Group lifted their target price on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. B. Riley boosted their price objective on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Piper Sandler restated an “overweight” rating and set a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, Oppenheimer reduced their price objective on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. 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 company’s stock. Based on data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and a consensus target price of $115.30.

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.