Key Points
- Jared Isaacman, a major shareholder of Shift4 Payments, bought 193,000 shares on May 12 at an average price of $40.66, spending about $7.85 million. The purchase increased his ownership by 12.1%.
- Isaacman has been actively buying more FOUR shares recently, including 195,500 shares on May 11 and several additional purchases in March and February. This pattern suggests sustained insider confidence in the company.
- Shift4 Payments recently reported revenue of $1.12 billion, up 49% year over year, but earnings per share of $0.97 came in slightly below analyst expectations. The stock was trading near $40.95, close to its 52-week low of $39.61.
Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) major shareholder Jared Isaacman purchased 193,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average cost of $40.66 per share, for a total transaction of $7,847,380.00. Following the acquisition, the insider owned 1,787,455 shares of the company's stock, valued at approximately $72,677,920.30. The trade was a 12.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Jared Isaacman also recently made the following trade(s):
- On Monday, May 11th, Jared Isaacman purchased 195,500 shares of Shift4 Payments stock. The shares were bought at an average cost of $41.41 per share, for a total transaction of $8,095,655.00.
- On Tuesday, March 10th, Jared Isaacman acquired 43,827 shares of Shift4 Payments stock. The stock was acquired at an average cost of $45.75 per share, for a total transaction of $2,005,085.25.
- On Monday, March 2nd, Jared Isaacman acquired 45,693 shares of Shift4 Payments stock. The stock was acquired at an average cost of $43.83 per share, for a total transaction of $2,002,724.19.
- On Friday, February 27th, Jared Isaacman acquired 159,244 shares of Shift4 Payments stock. The stock was acquired at an average cost of $44.15 per share, for a total transaction of $7,030,622.60.
- On Thursday, February 26th, Jared Isaacman acquired 136,993 shares of Shift4 Payments stock. The stock was acquired at an average cost of $48.38 per share, for a total transaction of $6,627,721.34.
Shift4 Payments Price Performance
Shares of FOUR opened at $40.95 on Thursday. Shift4 Payments, Inc. has a twelve month low of $39.61 and a twelve month high of $108.50. The stock's 50 day moving average is $45.21 and its two-hundred day moving average is $57.70. The firm has a market capitalization of $3.33 billion, a PE ratio of 48.75, a P/E/G ratio of 0.45 and a beta of 1.44. The company has a current ratio of 1.22, a quick ratio of 1.66 and a debt-to-equity ratio of 2.55.
Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.02). Shift4 Payments had a net margin of 2.63% and a return on equity of 33.55%. The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the prior year, the firm posted $1.07 EPS. Shift4 Payments's revenue for the quarter was up 49.0% compared to the same quarter last year. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. Research analysts anticipate that Shift4 Payments, Inc. will post 4.65 earnings per share for the current year.
Institutional Trading of Shift4 Payments
Several institutional investors have recently made changes to their positions in the stock. Mawer Investment Management Ltd. boosted its position in Shift4 Payments by 66.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 178,318 shares of the company's stock worth $13,802,000 after purchasing an additional 71,489 shares during the period. Maestria Partners LLC boosted its position in Shift4 Payments by 36.6% during the 3rd quarter. Maestria Partners LLC now owns 372,423 shares of the company's stock worth $28,826,000 after purchasing an additional 99,723 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in Shift4 Payments during the 3rd quarter worth $77,303,000. Jackson Square Partners LLC purchased a new stake in Shift4 Payments during the 3rd quarter worth $5,735,000. Finally, Nordea Investment Management AB boosted its position in Shift4 Payments by 56.4% during the 3rd quarter. Nordea Investment Management AB now owns 92,832 shares of the company's stock worth $7,057,000 after purchasing an additional 33,472 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on FOUR. Freedom Capital downgraded Shift4 Payments from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 27th. Keefe, Bruyette & Woods lifted their price objective on Shift4 Payments from $50.00 to $52.00 and gave the stock a "market perform" rating in a research report on Friday, May 8th. DA Davidson cut their price objective on Shift4 Payments from $82.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday. BTIG Research restated a "buy" rating and set a $70.00 price objective on shares of Shift4 Payments in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada cut their price objective on Shift4 Payments from $73.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $71.62.
Read Our Latest Stock Report on FOUR
Shift4 Payments Company Profile
(
Get Free Report)
Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company's platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.
The company's core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.
Further Reading
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. Please send any questions or comments about this story to [email protected].
