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

Shift4 Payments, Inc. (NYSE:FOUR) President David Taylor Lauber sold 2,500 shares of the business’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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shift4 Payments Stock Down 0.3 %

FOUR stock opened at $88.97 on Wednesday. The firm has a 50 day simple moving average of $108.35 and a 200-day simple moving average of $99.51. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $127.50. The company has a market capitalization of $7.93 billion, a P/E ratio of 28.98, a PEG ratio of 1.04 and a beta of 1.76. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. On average, equities research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on FOUR shares. Raymond James upgraded shares of Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price objective for the company in a research note on Monday. Morgan Stanley dropped their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. B. Riley boosted their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $154.00 target price on shares of Shift4 Payments in a research report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.30.

Hedge Funds Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. lifted its holdings in shares of Shift4 Payments by 41.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after buying an additional 145,444 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Shift4 Payments by 26.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after buying an additional 7,905 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after buying an additional 242,179 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Shift4 Payments by 86.5% during the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock valued at $1,645,000 after buying an additional 7,349 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Shift4 Payments during the 4th quarter valued at about $812,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

About Shift4 Payments

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.