Insider Buying: Shift4 Payments, Inc. (NYSE:FOUR) Chairman Acquires 104,705 Shares of Stock

Key Points

• Jared Isaacman, Chairman of Shift4 Payments, acquired 104,705 shares at an average cost of $83.61, increasing his ownership by 12.54% to a total of 939,715 shares.
• Shift4 Payments' stock price rose by 1.7% to $82.99 and has a market cap of $7.35 billion, with a P/E ratio of 30.74.
• Analysts have generally given Shift4 Payments a consensus rating of "Moderate Buy", with an average target price of $114.40, reflecting positive sentiment among various brokerages.

Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) Chairman Jared Isaacman bought 104,705 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the completion of the acquisition, the chairman directly owned 939,715 shares in the company, valued at $78,569,571.15. This trade represents a 12.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, August 8th, Jared Isaacman bought 91,721 shares of Shift4 Payments stock. The stock was purchased at an average cost of $81.90 per share, with a total value of $7,511,949.90.

Shift4 Payments Stock Up 0.7%

NYSE:FOUR traded up $0.62 during midday trading on Friday, reaching $89.73. The company had a trading volume of 254,220 shares, compared to its average volume of 1,835,703. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 0.89 and a beta of 1.81. The stock's fifty day simple moving average is $97.55 and its 200-day simple moving average is $94.11. Shift4 Payments, Inc. has a 12-month low of $68.09 and a 12-month high of $127.50. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10). The business had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The firm's quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. On average, sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Shift4 Payments

Institutional investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new position in Shift4 Payments in the 4th quarter valued at about $26,000. SRH Advisors LLC purchased a new stake in Shift4 Payments in the 1st quarter valued at approximately $26,000. Banque Transatlantique SA purchased a new stake in Shift4 Payments in the 1st quarter valued at approximately $27,000. Allworth Financial LP boosted its holdings 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 purchasing an additional 226 shares in the last quarter. Finally, Elequin Capital LP boosted its holdings 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 purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on FOUR. Piper Sandler cut their target price on Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th. Truist Financial increased their target price on Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Wells Fargo & Company increased their target price on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Wall Street Zen cut Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $104.00 target price on shares of Shift4 Payments in a research note on Wednesday, August 6th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.