Shift4 Payments, Inc. (NYSE:FOUR – Get Free Report)’s share price was down 5.3% on Wednesday . The stock traded as low as $68.32 and last traded at $68.32. Approximately 665,139 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 1,372,596 shares. The stock had previously closed at $72.13.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on FOUR. Royal Bank of Canada restated an “outperform” rating and set a $94.00 price target on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Redburn Atlantic upgraded shares of Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 target price on the stock in a research report on Friday, April 19th. DA Davidson reaffirmed a “buy” rating and issued a $96.00 target price on shares of Shift4 Payments in a report on Wednesday, May 15th. Wedbush assumed coverage on shares of Shift4 Payments in a research note on Friday, May 24th. They set a “neutral” rating and a $75.00 price target for the company. Finally, Morgan Stanley dropped their price objective on shares of Shift4 Payments from $70.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus target price of $83.67.
Shift4 Payments Trading Down 6.5 %
The company has a market cap of $5.90 billion, a price-to-earnings ratio of 46.02, a P/E/G ratio of 0.94 and a beta of 1.63. The business has a fifty day simple moving average of $68.53 and a 200 day simple moving average of $70.97. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.96.
Shift4 Payments (NYSE:FOUR – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. The company had revenue of $263.70 million for the quarter, compared to analysts’ expectations of $268.55 million. On average, equities analysts anticipate that Shift4 Payments, Inc. will post 3.01 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $72.06, for a total value of $72,060.00. Following the completion of the transaction, the director now owns 9,474 shares in the company, valued at $682,696.44. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $72.06, for a total value of $72,060.00. Following the sale, the director now owns 9,474 shares of the company’s stock, valued at $682,696.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jared Isaacman acquired 85,916 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average cost of $67.09 per share, with a total value of $5,764,104.44. Following the completion of the purchase, the chief executive officer now owns 582,827 shares in the company, valued at $39,101,863.43. The disclosure for this purchase can be found here. Insiders own 30.57% of the company’s stock.
Institutional Trading of Shift4 Payments
A number of large investors have recently made changes to their positions in FOUR. J.Safra Asset Management Corp boosted its holdings in shares of Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after purchasing an additional 347 shares during the last quarter. CWM LLC grew its holdings in Shift4 Payments by 27.1% in the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after buying an additional 241 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Shift4 Payments during the 4th quarter valued at about $90,000. Clear Street Markets LLC purchased a new position in shares of Shift4 Payments during the 4th quarter worth about $112,000. Finally, Natixis Investment Managers International acquired a new stake in shares of Shift4 Payments in the fourth quarter worth approximately $116,000. Institutional investors and hedge funds own 98.87% of the company’s stock.
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.