Nancy Disman Sells 10,000 Shares of Shift4 Payments, Inc. (NYSE:FOUR) Stock

Shift4 Payments, Inc. (NYSE:FOUR) CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the transaction, the chief financial officer now owns 177,622 shares of the company’s stock, valued at $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shift4 Payments Trading Down 1.3 %

NYSE:FOUR opened at $86.11 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The business’s 50 day moving average is $106.32 and its two-hundred day moving average is $99.68. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $127.50. The company has a market cap of $7.67 billion, a PE ratio of 28.05, a P/E/G ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. The business 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%. On average, analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Institutional Trading of Shift4 Payments

Several hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments in the 4th quarter valued at approximately $26,000. Rakuten Securities Inc. increased 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 acquired a new position in shares of Shift4 Payments during the 4th quarter valued at $28,000. UMB Bank n.a. acquired a new position in shares of Shift4 Payments during the 4th quarter valued at $29,000. Finally, Elequin Capital LP increased its position in shares of Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company’s stock valued at $31,000 after purchasing an additional 114 shares during the period. Institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

FOUR has been the subject of several analyst reports. Morgan Stanley dropped their target price on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their target price for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Oppenheimer dropped their price target on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada restated an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a research note on Tuesday, March 4th. Finally, DA Davidson dropped their price target on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average price target 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.