Insider Selling: Shift4 Payments, Inc. (NYSE:FOUR) Director Sells 1,000 Shares of Stock

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

Shift4 Payments Stock Up 0.5%

Shares of NYSE:FOUR traded up $0.47 during midday trading on Friday, hitting $92.29. 1,240,172 shares of the stock were exchanged, compared to its average volume of 1,678,896. The company has a market capitalization of $8.18 billion, a PE ratio of 31.18, a P/E/G ratio of 0.65 and a beta of 1.82. Shift4 Payments, Inc. has a 52-week low of $57.45 and a 52-week high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.36 and a current ratio of 1.36. The business's fifty day simple moving average is $87.13 and its two-hundred day simple moving average is $96.17.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.76 by $0.31. The company had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. Shift4 Payments's quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. As a group, research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently made changes to their positions in FOUR. Strs Ohio acquired a new position in shares of Shift4 Payments during the first quarter worth approximately $930,000. Empowered Funds LLC acquired a new position in Shift4 Payments during the 1st quarter valued at $5,639,000. United Services Automobile Association acquired a new position in Shift4 Payments during the 1st quarter valued at $357,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Shift4 Payments by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,992 shares of the company's stock valued at $3,760,000 after purchasing an additional 2,211 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in Shift4 Payments in the 1st quarter worth $27,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on FOUR. Raymond James Financial cut their price target on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Friday, April 4th. Royal Bank Of Canada lowered their price target on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI assumed coverage on Shift4 Payments in a research report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price objective for the company. B. Riley reaffirmed a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Finally, Morgan Stanley dropped their price target on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $115.35.

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.