Insider Buying: Shift4 Payments (NYSE:FOUR) Major Shareholder Purchases 193,000 Shares of Stock

Key Points

• Major shareholder Jared Isaacman bought 193,000 shares of Shift4 Payments on May 12 at an average price of $40.66, totaling about $7.85 million. The purchase increased his ownership by 12.1% to 1.79 million shares.
• Isaacman has been buying aggressively in recent months, including 195,500 shares on May 11 and several other large purchases in February and March. The repeated buying signals continued insider confidence in the company.
• Shift4 Payments shares were trading near $40.81, close to their 52-week low of $39.61 and well below the 52-week high of $108.50. The company also recently missed quarterly EPS estimates, even though revenue rose 49% year over year.

Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) major shareholder Jared Isaacman bought 193,000 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of $40.66 per share, for a total transaction of $7,847,380.00. Following the completion of the purchase, the insider directly owned 1,787,455 shares of the company's stock, valued at $72,677,920.30. The trade was a 12.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Jared Isaacman also recently made the following trade(s):

• On Monday, May 11th, Jared Isaacman purchased 195,500 shares of Shift4 Payments stock. The shares were acquired at an average cost of $41.41 per share, with a total value of $8,095,655.00.
• On Tuesday, March 10th, Jared Isaacman bought 43,827 shares of Shift4 Payments stock. The shares were acquired at an average price of $45.75 per share, with a total value of $2,005,085.25.
• On Monday, March 2nd, Jared Isaacman acquired 45,693 shares of Shift4 Payments stock. The stock was bought at an average price of $43.83 per share, with a total value of $2,002,724.19.
• On Friday, February 27th, Jared Isaacman purchased 159,244 shares of Shift4 Payments stock. The stock was bought at an average cost of $44.15 per share, with a total value of $7,030,622.60.
• On Thursday, February 26th, Jared Isaacman bought 136,993 shares of Shift4 Payments stock. The shares were purchased at an average price of $48.38 per share, for a total transaction of $6,627,721.34.

Shift4 Payments Trading Down 1.6%

FOUR opened at $40.81 on Wednesday. The stock has a market cap of $3.32 billion, a PE ratio of 48.58, a PEG ratio of 0.46 and a beta of 1.44. The company has a quick ratio of 1.66, a current ratio of 1.22 and a debt-to-equity ratio of 2.55. The business has a 50 day moving average of $45.33 and a 200-day moving average of $57.95. Shift4 Payments, Inc. has a 52 week low of $39.61 and a 52 week high of $108.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.09 billion. Shift4 Payments had a return on equity of 33.55% and a net margin of 2.63%.Shift4 Payments's revenue for the quarter was up 49.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 earnings per share. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. Equities research analysts predict that Shift4 Payments, Inc. will post 4.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FOUR. Truist Financial set a $71.00 price target on shares of Shift4 Payments in a research report on Tuesday, January 20th. DA Davidson lowered their target price on shares of Shift4 Payments from $82.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday. Zacks Research cut Shift4 Payments from a "hold" rating to a "strong sell" rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft downgraded Shift4 Payments from a "buy" rating to a "hold" rating and cut their price target for the stock from $100.00 to $65.00 in a research note on Thursday, January 15th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $70.00 target price on shares of Shift4 Payments in a report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $71.62.

Institutional Trading of Shift4 Payments

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wasatch Advisors LP raised its holdings in Shift4 Payments by 10.1% during the fourth quarter. Wasatch Advisors LP now owns 6,778,925 shares of the company's stock valued at $426,869,000 after acquiring an additional 621,797 shares during the period. Durable Capital Partners LP raised its position in shares of Shift4 Payments by 12.6% during the 2nd quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company's stock valued at $660,612,000 after buying an additional 745,650 shares in the last quarter. Darlington Partners Capital Management LP lifted its stake in shares of Shift4 Payments by 2.1% in the 3rd quarter. Darlington Partners Capital Management LP now owns 5,071,725 shares of the company's stock valued at $392,552,000 after purchasing an additional 105,320 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in Shift4 Payments by 7.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,643,829 shares of the company's stock worth $166,482,000 after buying an additional 188,594 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Shift4 Payments by 25.6% during the 3rd quarter. Jennison Associates LLC now owns 2,056,056 shares of the company's stock worth $159,139,000 after purchasing an additional 419,132 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company's platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company's core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.

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