Key Points
- CEO David Taylor Lauber sold 12,000 shares on December 11 at an average price of $69 for roughly $828,000, cutting his stake by 4.2% to 273,588 shares; the sale was disclosed in an SEC filing.
- Shift4's most recent quarterly report showed EPS of $1.47 (missing the $1.50 consensus) and revenue of $1.18 billion (slightly below estimates) despite revenue rising 61.4% year-over-year, and analysts have trimmed price targets while the consensus rating remains a Moderate Buy with an average target of $96.95.
Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) Director Nancy Disman sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $69.50, for a total transaction of $347,500.00. Following the completion of the sale, the director directly owned 130,420 shares in the company, valued at $9,064,190. This represents a 3.69% 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 Price Performance
Shares of NYSE:FOUR opened at $66.19 on Tuesday. The stock has a market cap of $5.87 billion, a PE ratio of 31.07, a PEG ratio of 0.70 and a beta of 1.68. Shift4 Payments, Inc. has a 52 week low of $61.23 and a 52 week high of $127.50. The company's fifty day moving average is $71.39 and its 200 day moving average is $85.23. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27.
Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.03). Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The firm's revenue for the quarter was up 61.4% on a year-over-year basis. Research analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on FOUR shares. Loop Capital set a $80.00 price objective on shares of Shift4 Payments in a research report on Thursday. DA Davidson cut their target price on Shift4 Payments from $114.00 to $104.00 and set a "buy" rating on the stock in a research note on Wednesday, November 12th. Truist Financial lowered their price target on Shift4 Payments from $80.00 to $74.00 and set a "hold" rating for the company in a research report on Wednesday, November 19th. Keefe, Bruyette & Woods cut their price objective on Shift4 Payments from $90.00 to $75.00 and set a "market perform" rating on the stock in a research report on Monday, November 10th. Finally, Oppenheimer decreased their target price on Shift4 Payments from $115.00 to $112.00 and set an "outperform" rating for the company in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Shift4 Payments presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.95.
Check Out Our Latest Analysis on FOUR
Institutional Trading of Shift4 Payments
A number of hedge funds have recently made changes to their positions in FOUR. Cetera Investment Advisers grew its stake in shares of Shift4 Payments by 27.0% in the 1st quarter. Cetera Investment Advisers now owns 4,583 shares of the company's stock worth $374,000 after buying an additional 974 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Shift4 Payments in the first quarter worth $12,312,000. Fox Run Management L.L.C. bought a new position in shares of Shift4 Payments during the first quarter valued at $555,000. Northern Trust Corp raised its position in shares of Shift4 Payments by 2.8% in the 1st quarter. Northern Trust Corp now owns 535,507 shares of the company's stock worth $43,756,000 after purchasing an additional 14,517 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Shift4 Payments in the 1st quarter worth about $37,000. 98.87% of the stock is owned by institutional investors.
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.
Further Reading
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