James Whalen Sells 794 Shares of Shift4 Payments (NYSE:FOUR) Stock

Key Points

• James Whalen, an insider at Shift4 Payments, sold 794 shares at an average price of $89.89, reducing his holdings by 1.39% to approximately $5 million.
• Shift4 Payments reported $1.10 earnings per share (EPS) for the last quarter, missing estimates of $1.20, despite a 28.9% increase in revenue year-over-year.
• Analysts have differing views on Shift4 Payments, with price targets ranging from $92 to $127 and a consensus rating of "Moderate Buy".

Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) insider James Whalen sold 794 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the transaction, the insider owned 56,324 shares of the company's stock, valued at approximately $5,062,964.36. This represents a 1.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shift4 Payments Stock Up 0.2%

FOUR traded up $0.1440 during trading on Tuesday, reaching $90.3240. The stock had a trading volume of 1,612,836 shares, compared to its average volume of 2,412,507. The stock's 50 day moving average is $97.28 and its two-hundred day moving average is $93.34. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 0.89 and a beta of 1.81. Shift4 Payments, Inc. has a one year low of $68.09 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The firm had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. During the same quarter last year, the company posted $0.96 EPS. Shift4 Payments's revenue for the quarter was up 28.9% compared to the same quarter last year. As a group, analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently made changes to their positions in FOUR. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments during the fourth quarter worth $26,000. SRH Advisors LLC acquired a new stake in shares of Shift4 Payments during the first quarter worth about $26,000. Banque Transatlantique SA acquired a new stake in shares of Shift4 Payments during the first quarter worth about $27,000. Allworth Financial LP increased its position in Shift4 Payments by 410.9% in the 2nd quarter. Allworth Financial LP now owns 281 shares of the company's stock valued at $28,000 after acquiring an additional 226 shares during the period. Finally, Elequin Capital LP increased its position in Shift4 Payments by 62.3% in the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Analysts Set New Price Targets

FOUR has been the topic of a number of research reports. Royal Bank Of Canada reduced their price objective on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. UBS Group dropped their price objective on Shift4 Payments from $125.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. The Goldman Sachs Group reiterated a "buy" rating and issued a $104.00 target price on shares of Shift4 Payments in a report on Wednesday, August 6th. Morgan Stanley lowered their target price on Shift4 Payments from $100.00 to $92.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Finally, BTIG Research reissued a "buy" rating on shares of Shift4 Payments in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.40.

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.

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