Shift4 Payments, Inc. (NYSE:FOUR) Chairman Jared Isaacman Acquires 91,721 Shares

Key Points

• Jared Isaacman, Chairman of Shift4 Payments, purchased 91,721 shares at $81.90 each, increasing his total holdings to 835,010 shares valued at approximately $68.4 million.
• Shift4 Payments' stock has seen a 1.7% increase, trading at $82.99, with a market cap of $7.35 billion and a P/E ratio of 30.74.
• Despite a 28.9% increase in quarterly revenue compared to the previous year, the company reported an EPS of $1.10, missing analysts' estimates by $0.10.

Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) Chairman Jared Isaacman bought 91,721 shares of the firm's stock in a transaction on Friday, August 8th. The stock was bought at an average price of $81.90 per share, with a total value of $7,511,949.90. Following the completion of the purchase, the chairman owned 835,010 shares of the company's stock, valued at $68,387,319. This trade represents a 12.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, August 11th, Jared Isaacman bought 104,705 shares of Shift4 Payments stock. The stock was bought at an average price of $83.61 per share, with a total value of $8,754,385.05.

Shift4 Payments Price Performance

Shares of NYSE FOUR traded up $0.62 during trading on Friday, hitting $89.73. The company had a trading volume of 254,220 shares, compared to its average volume of 1,835,703. The company has a market cap of $7.95 billion, a P/E ratio of 33.23, a PEG ratio of 0.89 and a beta of 1.81. Shift4 Payments, Inc. has a 52 week low of $68.09 and a 52 week high of $127.50. The business's 50-day moving average is $97.55 and its 200 day moving average is $94.11. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53.

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 (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.10). The company had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. Shift4 Payments's quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. Equities research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC acquired a new stake in Shift4 Payments during the 4th quarter valued at $266,000. Federated Hermes Inc. acquired a new stake in Shift4 Payments during the 4th quarter valued at $550,000. Cerity Partners LLC raised its stake in Shift4 Payments by 35.7% during the 4th quarter. Cerity Partners LLC now owns 4,629 shares of the company's stock valued at $480,000 after purchasing an additional 1,218 shares during the period. Legal & General Group Plc grew its holdings in shares of Shift4 Payments by 46.0% during the 4th quarter. Legal & General Group Plc now owns 97,067 shares of the company's stock valued at $10,074,000 after acquiring an additional 30,566 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Shift4 Payments by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 26,944 shares of the company's stock valued at $2,796,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FOUR shares. Piper Sandler reduced their price objective on Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating for the company in a research report on Wednesday, August 6th. B. Riley reiterated a "buy" rating on shares of Shift4 Payments in a research report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research report on Thursday, July 17th. They set a "buy" rating and a $120.00 price objective for the company. Wells Fargo & Company boosted their price objective on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $114.40.

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.