Jordan Frankel Sells 12,500 Shares of Shift4 Payments, Inc. (NYSE:FOUR) Stock

Shift4 Payments, Inc. (NYSE:FOUR) insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shift4 Payments Stock Up 0.6 %

Shares of FOUR traded up $0.46 during mid-day trading on Monday, reaching $83.38. The company’s stock had a trading volume of 776,894 shares, compared to its average volume of 1,417,219. Shift4 Payments, Inc. has a 1 year low of $42.91 and a 1 year high of $92.30. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 55.65, a price-to-earnings-growth ratio of 0.77 and a beta of 1.64. The business has a fifty day moving average of $73.89 and a 200 day moving average of $70.69.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The firm had revenue of $320.60 million during the quarter, compared to analyst estimates of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period last year, the company posted $0.58 EPS. As a group, analysts forecast that Shift4 Payments, Inc. will post 3.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Shift4 Payments by 11,776.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after buying an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc raised its holdings in shares of Shift4 Payments by 6,185.0% during the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after acquiring an additional 1,078,115 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Shift4 Payments by 34.3% during the first quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after acquiring an additional 881,216 shares in the last quarter. Kodai Capital Management LP acquired a new stake in Shift4 Payments during the fourth quarter valued at $59,520,000. Finally, Westfield Capital Management Co. LP grew its stake in Shift4 Payments by 72.8% in the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after purchasing an additional 561,707 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on FOUR shares. Benchmark restated a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a research report on Thursday, September 5th. Stephens restated an “overweight” rating and issued a $90.00 target price on shares of Shift4 Payments in a research report on Friday, August 9th. DA Davidson increased their price target on Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley boosted their price objective on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, Susquehanna reaffirmed a “positive” rating and set a $97.00 target price on shares of Shift4 Payments in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.05.

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.