Shift4 Payments (NYSE:FOUR) Trading Down 5.3%

Shares of Shift4 Payments, Inc. (NYSE:FOUR) traded down 5.3% during mid-day trading on Wednesday . The company traded as low as $68.32 and last traded at $68.32. 665,139 shares changed hands during trading, a decline of 52% from the average session volume of 1,372,596 shares. The stock had previously closed at $72.13.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Mizuho decreased their price target on Shift4 Payments from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, May 13th. Benchmark reiterated a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a report on Friday, May 10th. Wells Fargo & Company dropped their target price on Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. DA Davidson restated a “buy” rating and set a $96.00 target price on shares of Shift4 Payments in a research note on Wednesday, May 15th. Finally, Redburn Atlantic raised Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price target for the company in a research report on Friday, April 19th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.22.

Shift4 Payments Trading Up 1.0 %

The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.96. The business has a 50 day moving average of $68.95 and a 200-day moving average of $70.94. The stock has a market cap of $6.17 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 0.86 and a beta of 1.63.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $263.70 million during the quarter, compared to analyst estimates of $268.55 million. Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. On average, analysts anticipate that Shift4 Payments, Inc. will post 3.01 EPS for the current year.

Insider Activity at Shift4 Payments

In related news, CEO Jared Isaacman purchased 85,916 shares of Shift4 Payments stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $67.09 per share, with a total value of $5,764,104.44. Following the completion of the transaction, the chief executive officer now owns 582,827 shares of the company’s stock, valued at approximately $39,101,863.43. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Jared Isaacman purchased 85,916 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were bought at an average price of $67.09 per share, for a total transaction of $5,764,104.44. Following the completion of the purchase, the chief executive officer now owns 582,827 shares of the company’s stock, valued at $39,101,863.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $72.34, for a total transaction of $723,400.00. Following the completion of the sale, the chief financial officer now owns 274,954 shares in the company, valued at approximately $19,890,172.36. The disclosure for this sale can be found here. 30.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOUR. SG Americas Securities LLC bought a new position in shares of Shift4 Payments during the 2nd quarter valued at $149,000. Global Trust Asset Management LLC increased its holdings in shares of Shift4 Payments by 19.9% during the 2nd quarter. Global Trust Asset Management LLC now owns 3,885 shares of the company’s stock worth $285,000 after purchasing an additional 645 shares during the period. S.A. Mason LLC acquired a new stake in shares of Shift4 Payments during the 2nd quarter valued at about $374,000. CWM LLC boosted its position in shares of Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after acquiring an additional 241 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Shift4 Payments by 462.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 103,851 shares of the company’s stock valued at $7,617,000 after acquiring an additional 85,391 shares in the last quarter. Institutional investors and hedge funds 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.