Shift4 Payments, Inc. (NYSE:FOUR) CEO Purchases $2,506,205.40 in Stock

Shift4 Payments, Inc. (NYSE:FOURGet Free Report) CEO Jared Isaacman acquired 39,135 shares of the stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of $64.04 per share, for a total transaction of $2,506,205.40. Following the completion of the purchase, the chief executive officer now directly owns 621,962 shares in the company, valued at $39,830,446.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jared Isaacman also recently made the following trade(s):

  • On Tuesday, May 14th, Jared Isaacman purchased 85,916 shares of Shift4 Payments stock. The shares were acquired at an average cost of $67.09 per share, for a total transaction of $5,764,104.44.

Shift4 Payments Stock Up 6.6 %

FOUR stock opened at $68.29 on Friday. Shift4 Payments, Inc. has a 52 week low of $42.91 and a 52 week high of $92.30. The business has a 50-day simple moving average of $64.92 and a 200 day simple moving average of $69.83. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.96. The company has a market cap of $5.98 billion, a PE ratio of 45.83, a price-to-earnings-growth ratio of 0.82 and a beta of 1.59.

Shift4 Payments (NYSE:FOURGet Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. The firm had revenue of $269.30 million during the quarter, compared to the consensus estimate of $278.85 million. Sell-side analysts anticipate that Shift4 Payments, Inc. will post 3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. bought a new position in shares of Shift4 Payments in the 3rd quarter valued at $35,000. J.Safra Asset Management Corp grew its position in Shift4 Payments by 79.0% in the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after acquiring an additional 347 shares during the last quarter. Nemes Rush Group LLC acquired a new position in Shift4 Payments during the third quarter worth about $79,000. Covestor Ltd lifted its holdings in shares of Shift4 Payments by 49,166.7% in the third quarter. Covestor Ltd now owns 1,478 shares of the company’s stock worth $82,000 after acquiring an additional 1,475 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Shift4 Payments in the fourth quarter worth about $90,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on FOUR shares. Redburn Atlantic raised Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 target price on the stock in a report on Friday, April 19th. Morgan Stanley decreased 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 report on Friday, May 10th. Royal Bank of Canada restated an “outperform” rating and set a $94.00 target price on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Wells Fargo & Company decreased their price target on shares of Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Finally, Mizuho cut their price objective on shares of Shift4 Payments from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.33.

Get Our Latest Research Report on Shift4 Payments

Shift4 Payments Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Shift4 Payments (NYSE:FOUR)

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