Shift4 Payments, Inc. (NYSE:FOUR) CEO Jared Isaacman Purchases 39,135 Shares of Stock

Shift4 Payments, Inc. (NYSE:FOUR) CEO Jared Isaacman purchased 39,135 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average cost of $64.04 per share, with a total value of $2,506,205.40. Following the purchase, the chief executive officer now owns 621,962 shares of the company’s stock, valued at approximately $39,830,446.48. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

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

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $64.09 on Friday. 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 firm has a fifty day simple moving average of $65.10 and a two-hundred day simple moving average of $69.52. Shift4 Payments, Inc. has a 12 month low of $42.91 and a 12 month high of $92.30. The firm has a market capitalization of $5.61 billion, a PE ratio of 43.01, a price-to-earnings-growth ratio of 0.86 and a beta of 1.59.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. The business had revenue of $269.30 million for the quarter, compared to analyst estimates of $278.85 million. Analysts forecast that Shift4 Payments, Inc. will post 3 EPS for the current fiscal year.

Institutional Trading of Shift4 Payments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in shares of Shift4 Payments by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,726 shares of the company’s stock worth $372,000 after acquiring an additional 233 shares in the last quarter. NBC Securities Inc. bought a new stake in Shift4 Payments in the 3rd quarter worth about $452,000. JCSD Capital LLC grew its position in Shift4 Payments by 40.8% in the 3rd quarter. JCSD Capital LLC now owns 27,009 shares of the company’s stock worth $1,495,000 after purchasing an additional 7,820 shares in the last quarter. Arizona State Retirement System increased its stake in Shift4 Payments by 5.6% in the 3rd quarter. Arizona State Retirement System now owns 14,676 shares of the company’s stock valued at $813,000 after buying an additional 777 shares during the last quarter. Finally, Boston Partners bought a new position in shares of Shift4 Payments during the 3rd quarter worth approximately $1,424,000. 98.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FOUR has been the topic of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $93.00 price target on shares of Shift4 Payments in a research report on Wednesday, February 28th. Royal Bank of Canada restated an “outperform” rating and issued a $94.00 target price on shares of Shift4 Payments in a report on Wednesday, April 3rd. Morgan Stanley decreased their price target on Shift4 Payments from $70.00 to $66.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Wedbush began coverage on Shift4 Payments in a research report on Friday. They issued a “neutral” rating and a $75.00 price objective for the company. Finally, The Goldman Sachs Group cut their target price on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $83.33.

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.