Shift4 Payments (NYSE:FOUR) Shares Gap Down – Here’s What Happened

Shift4 Payments, Inc. (NYSE:FOUR)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $53.38, but opened at $47.45. Shift4 Payments shares last traded at $45.4910, with a volume of 486,917 shares trading hands.

Analyst Ratings Changes

FOUR has been the subject of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Shift4 Payments in a research note on Thursday, June 11th. Evercore set a $45.00 price target on shares of Shift4 Payments in a report on Monday, May 18th. Royal Bank Of Canada cut their target price on shares of Shift4 Payments from $73.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Capital One Financial set a $50.00 price target on Shift4 Payments in a research report on Tuesday, April 21st. Finally, Seaport Research Partners lowered Shift4 Payments from a “buy” rating to a “neutral” rating in a report on Thursday, April 16th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $66.50.

Shift4 Payments Price Performance

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.55. The stock’s 50-day moving average price is $46.48 and its 200 day moving average price is $48.42. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 52.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.40.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Shift4 Payments had a net margin of 2.63% and a return on equity of 33.55%. The company’s revenue was up 49.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. Equities research analysts predict that Shift4 Payments, Inc. will post 4.68 earnings per share for the current year.

Insider Buying and Selling at Shift4 Payments

In other news, major shareholder Jared Isaacman acquired 193,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $40.66 per share, for a total transaction of $7,847,380.00. Following the completion of the transaction, the insider owned 1,787,455 shares in the company, valued at approximately $72,677,920.30. This trade represents a 12.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Shift4 Payments in the 2nd quarter valued at $34,000. Advisors Asset Management Inc. raised its position in Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Empowered Funds LLC acquired a new stake in Shift4 Payments during the fourth quarter valued at approximately $43,000. Vestcor Inc acquired a new position in shares of Shift4 Payments in the 3rd quarter worth approximately $45,000. Finally, Summer Road LLC bought a new position in shares of Shift4 Payments during the 4th quarter worth approximately $47,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Company Profile

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.