Shift4 Payments, Inc. (NYSE:FOUR) Director Sarah Goldsmith-Grover Sells 1,000 Shares

Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the completion of the sale, the director now directly owns 7,474 shares of the company's stock, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shift4 Payments Price Performance

FOUR stock opened at $91.45 on Tuesday. Shift4 Payments, Inc. has a 52 week low of $57.45 and a 52 week high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The company has a fifty day simple moving average of $86.52 and a two-hundred day simple moving average of $96.37. The firm has a market capitalization of $8.10 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 1.04 and a beta of 1.82.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.76 by $0.31. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. During the same quarter last year, the business earned $0.54 earnings per share. Shift4 Payments's quarterly revenue was up 39.7% compared to the same quarter last year. Analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays reduced their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Stephens reissued an "overweight" rating and issued a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. Evercore ISI assumed coverage on shares of Shift4 Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price objective for the company. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $115.35.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors have recently bought and sold shares of FOUR. Asset Management One Co. Ltd. lifted its position in Shift4 Payments by 14.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock valued at $81,000 after purchasing an additional 99 shares during the last quarter. Vontobel Holding Ltd. bought a new position in Shift4 Payments during the fourth quarter valued at $201,000. New York State Teachers Retirement System bought a new stake in shares of Shift4 Payments in the 4th quarter worth about $4,723,000. Blue Trust Inc. lifted its holdings in shares of Shift4 Payments by 67.3% in the 4th quarter. Blue Trust Inc. now owns 425 shares of the company's stock worth $44,000 after acquiring an additional 171 shares during the last quarter. Finally, New Mexico Educational Retirement Board bought a new stake in shares of Shift4 Payments in the 4th quarter worth about $1,391,000. Institutional investors own 98.87% of the company's stock.

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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