Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) Director Sarah Goldsmith-Grover sold 1,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 7,474 shares in the company, valued at approximately $706,517.22. The trade was a 11.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shift4 Payments Price Performance
FOUR stock opened at $91.99 on Wednesday. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50. The company's fifty day moving average price is $86.69 and its 200-day moving average price is $96.34. 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 company has a market capitalization of $8.15 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 0.65 and a beta of 1.82.
Shift4 Payments (NYSE:FOUR - Get Free Report) last released its 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. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The firm had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The company's quarterly revenue was up 39.7% compared to the same quarter last year. On average, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.
Hedge Funds Weigh In On Shift4 Payments
Several hedge funds have recently modified their holdings of the stock. Strs Ohio bought a new stake in Shift4 Payments in the first quarter worth $930,000. Empowered Funds LLC bought a new stake in Shift4 Payments in the first quarter worth $5,639,000. United Services Automobile Association bought a new stake in Shift4 Payments in the first quarter worth $357,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Shift4 Payments by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,992 shares of the company's stock worth $3,760,000 after purchasing an additional 2,211 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in Shift4 Payments in the first quarter worth $27,000. Hedge funds and other institutional investors own 98.87% of the company's stock.
Analyst Ratings Changes
FOUR has been the topic of a number of research reports. Morgan Stanley dropped their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Oppenheimer dropped their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Evercore ISI initiated coverage on shares of Shift4 Payments in a report on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price objective on the stock. DA Davidson reissued a "buy" rating and issued a $124.00 price objective on shares of Shift4 Payments in a report on Thursday, June 5th. Finally, William Blair reaffirmed an "outperform" rating on shares of Shift4 Payments in a report on Wednesday, April 30th. 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $115.35.
Check Out Our Latest Stock Analysis on FOUR
About Shift4 Payments
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
