Shift4 Payments, Inc. (NYSE:FOUR) President David Taylor Lauber Sells 2,500 Shares

Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $89.25 on Tuesday. The stock has a market cap of $7.95 billion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The firm's fifty day simple moving average is $108.65 and its 200 day simple moving average is $99.45. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month 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.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $405.00 million for the quarter, compared to analysts' expectations of $1 billion. As a group, research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Susquehanna raised their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a "positive" rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They set a "hold" rating and a $120.00 price target on the stock. Bank of America downgraded shares of Shift4 Payments from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Morgan Stanley decreased their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. Finally, Barclays decreased their price target on shares of Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.30.

Remove Ads

Institutional Trading of Shift4 Payments

A number of hedge funds have recently modified their holdings of FOUR. QRG Capital Management Inc. boosted its holdings in shares of Shift4 Payments by 10.7% during the 3rd quarter. QRG Capital Management Inc. now owns 5,188 shares of the company's stock valued at $460,000 after buying an additional 500 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Shift4 Payments by 7.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company's stock valued at $303,000 after buying an additional 243 shares in the last quarter. Atria Investments Inc bought a new stake in shares of Shift4 Payments during the 3rd quarter valued at $385,000. Transcendent Capital Group LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter worth about $27,000. Finally, WCM Investment Management LLC raised its position in shares of Shift4 Payments by 0.6% in the 3rd quarter. WCM Investment Management LLC now owns 265,128 shares of the company's stock worth $23,291,000 after purchasing an additional 1,526 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.