Insider Selling: Shift4 Payments, Inc. (NYSE:FOUR) Major Shareholder Sells 200,000 Shares of Stock

Shift4 Payments, Inc. (NYSE:FOUR) major shareholder Searchlight Capital Partners I sold 200,000 shares of the firm’s stock in a transaction dated Friday, May 14th. The stock was sold at an average price of $81.89, for a total transaction of $16,378,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Searchlight Capital Partners I also recently made the following trade(s):

  • On Wednesday, May 12th, Searchlight Capital Partners I sold 44,192 shares of Shift4 Payments stock. The shares were sold at an average price of $80.88, for a total transaction of $3,574,248.96.
  • On Monday, May 10th, Searchlight Capital Partners I sold 14,700 shares of Shift4 Payments stock. The stock was sold at an average price of $85.14, for a total transaction of $1,251,558.00.
  • On Friday, May 7th, Searchlight Capital Partners I sold 211,034 shares of Shift4 Payments stock. The stock was sold at an average price of $88.08, for a total value of $18,587,874.72.
  • On Wednesday, May 5th, Searchlight Capital Partners I sold 82,953 shares of Shift4 Payments stock. The shares were sold at an average price of $95.17, for a total value of $7,894,637.01.
  • On Monday, May 3rd, Searchlight Capital Partners I sold 102,599 shares of Shift4 Payments stock. The stock was sold at an average price of $98.64, for a total value of $10,120,365.36.
  • On Friday, April 30th, Searchlight Capital Partners I sold 90,123 shares of Shift4 Payments stock. The stock was sold at an average price of $98.70, for a total value of $8,895,140.10.
  • On Wednesday, April 28th, Searchlight Capital Partners I sold 114,614 shares of Shift4 Payments stock. The shares were sold at an average price of $98.05, for a total value of $11,237,902.70.
  • On Monday, April 26th, Searchlight Capital Partners I sold 191,902 shares of Shift4 Payments stock. The stock was sold at an average price of $99.16, for a total transaction of $19,029,002.32.
  • On Thursday, April 22nd, Searchlight Capital Partners I sold 259,820 shares of Shift4 Payments stock. The stock was sold at an average price of $98.09, for a total transaction of $25,485,743.80.
  • On Tuesday, April 20th, Searchlight Capital Partners I sold 115,040 shares of Shift4 Payments stock. The stock was sold at an average price of $95.09, for a total transaction of $10,939,153.60.

Shares of NYSE:FOUR traded up $2.86 during trading on Monday, hitting $85.65. The company’s stock had a trading volume of 1,176,877 shares, compared to its average volume of 961,801. Shift4 Payments, Inc. has a fifty-two week low of $30.00 and a fifty-two week high of $104.11. The company has a current ratio of 3.83, a quick ratio of 3.82 and a debt-to-equity ratio of 0.79. The stock’s 50-day moving average price is $92.71 and its two-hundred day moving average price is $78.06.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Thursday, March 4th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.23). The business had revenue of $88.80 million during the quarter, compared to the consensus estimate of $87.50 million. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post -1.56 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in FOUR. Alliancebernstein L.P. grew its position in shares of Shift4 Payments by 41.4% in the 1st quarter. Alliancebernstein L.P. now owns 2,641,065 shares of the company’s stock worth $216,594,000 after acquiring an additional 773,279 shares in the last quarter. BlackRock Inc. lifted its stake in Shift4 Payments by 53.2% during the first quarter. BlackRock Inc. now owns 2,344,456 shares of the company’s stock worth $192,268,000 after purchasing an additional 814,160 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Shift4 Payments by 3.9% in the first quarter. Ameriprise Financial Inc. now owns 1,849,612 shares of the company’s stock worth $151,687,000 after purchasing an additional 69,466 shares during the period. Waddell & Reed Financial Inc. increased its stake in Shift4 Payments by 41.2% during the first quarter. Waddell & Reed Financial Inc. now owns 1,425,484 shares of the company’s stock valued at $116,904,000 after purchasing an additional 416,278 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Shift4 Payments by 25.0% during the first quarter. The Manufacturers Life Insurance Company now owns 1,353,085 shares of the company’s stock worth $110,967,000 after purchasing an additional 270,969 shares during the period. 33.36% of the stock is owned by institutional investors.

A number of brokerages have weighed in on FOUR. Bank of America upgraded shares of Shift4 Payments from a “neutral” rating to a “buy” rating in a report on Wednesday, March 17th. Morgan Stanley upped their price target on Shift4 Payments from $86.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 28th. Zacks Investment Research raised Shift4 Payments from a “sell” rating to a “hold” rating in a research note on Wednesday, March 10th. Truist increased their target price on shares of Shift4 Payments from $70.00 to $100.00 in a research report on Friday, March 5th. Finally, Wolfe Research raised shares of Shift4 Payments from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, May 12th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $65.67.

Shift4 Payments Company Profile

Shift4 Payments, Inc 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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