Shift4 Payments, Inc. (NYSE:FOUR – Get 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:FOUR – Get 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 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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