Shift4 Payments, Inc. (NYSE:FOUR) CEO Acquires $876,204.80 in Stock

Shift4 Payments, Inc. (NYSE:FOURGet Rating) CEO Jared Isaacman acquired 27,728 shares of Shift4 Payments stock in a transaction dated Thursday, June 16th. The stock was purchased at an average cost of $31.60 per share, for a total transaction of $876,204.80. Following the completion of the purchase, the chief executive officer now directly owns 362,470 shares in the company, valued at $11,454,052. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Shares of Shift4 Payments stock opened at $30.47 on Friday. The business has a fifty day simple moving average of $48.15 and a 200-day simple moving average of $52.01. Shift4 Payments, Inc. has a fifty-two week low of $29.94 and a fifty-two week high of $103.37. The company has a debt-to-equity ratio of 4.15, a quick ratio of 5.51 and a current ratio of 5.52.

Shift4 Payments (NYSE:FOURGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. Shift4 Payments had a positive return on equity of 3.32% and a negative net margin of 1.50%. The business had revenue of $401.90 million during the quarter, compared to analysts’ expectations of $383.60 million. During the same quarter last year, the business posted ($0.43) earnings per share. The company’s quarterly revenue was up 67.9% on a year-over-year basis. Sell-side analysts forecast that Shift4 Payments, Inc. will post 0.49 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Shift4 Payments by 57.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,978 shares of the company’s stock worth $288,000 after acquiring an additional 1,822 shares during the period. Envestnet Asset Management Inc. increased its position in Shift4 Payments by 105.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,699 shares of the company’s stock worth $794,000 after buying an additional 7,025 shares during the period. IMA Wealth Inc. bought a new position in Shift4 Payments in the 4th quarter worth approximately $2,532,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Shift4 Payments by 4.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 126,955 shares of the company’s stock worth $7,354,000 after purchasing an additional 4,977 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Shift4 Payments by 5.5% during the 4th quarter. Brown Advisory Inc. now owns 139,252 shares of the company’s stock worth $8,067,000 after purchasing an additional 7,273 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Several research firms have recently weighed in on FOUR. Susquehanna Bancshares began coverage on Shift4 Payments in a research note on Monday, April 4th. They issued a “positive” rating and a $97.00 price objective on the stock. The Goldman Sachs Group started coverage on Shift4 Payments in a research report on Tuesday, May 17th. They set a “neutral” rating and a $55.00 price target on the stock. Morgan Stanley lowered Shift4 Payments from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $50.00 to $41.00 in a research report on Tuesday, April 19th. Susquehanna initiated coverage on Shift4 Payments in a research report on Monday, April 4th. They set a “positive” rating and a $97.00 price target on the stock. Finally, Moffett Nathanson initiated coverage on Shift4 Payments in a report on Tuesday, April 5th. They set a “neutral” rating and a $70.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $72.50.

Shift4 Payments Company Profile (Get Rating)

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.

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