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

Shift4 Payments, Inc. (NYSE:FOUR) President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shift4 Payments Trading Down 6.8 %

Shares of Shift4 Payments stock opened at $84.23 on Friday. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50. The company’s fifty day simple moving average is $107.60 and its 200-day simple moving average is $99.34. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The stock has a market capitalization of $7.50 billion, a PE ratio of 27.44, a P/E/G ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last released its 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. The company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. As a group, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new position in Shift4 Payments during the fourth quarter valued at approximately $26,000. Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments in the third quarter worth $27,000. Rakuten Securities Inc. raised its position in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Shift4 Payments during the 4th quarter valued at $28,000. Finally, UMB Bank n.a. bought a new position in Shift4 Payments in the 4th quarter worth $29,000. 98.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a report on Tuesday, March 4th. Keefe, Bruyette & Woods upped their price objective on Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Piper Sandler reissued an “overweight” rating and issued a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Oppenheimer lowered their price target on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, DA Davidson reduced their price objective on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $115.30.

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.