Stock Traders Purchase High Volume of Call Options on Shift4 Payments (NYSE:FOUR)

Shift4 Payments, Inc. (NYSE:FOUR) saw some unusual options trading on Wednesday. Investors bought 5,422 call options on the company. This represents an increase of 568% compared to the typical volume of 812 call options.

In related news, insider David Taylor Lauber sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 22nd. The stock was sold at an average price of $98.81, for a total transaction of $1,482,150.00. Following the completion of the transaction, the insider now directly owns 168,041 shares in the company, valued at approximately $16,604,131.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Searchlight Capital Partners I sold 44,192 shares of Shift4 Payments stock in a transaction dated Wednesday, May 12th. The shares were sold at an average price of $80.88, for a total value of $3,574,248.96. The disclosure for this sale can be found here. Insiders have sold a total of 1,466,269 shares of company stock valued at $133,621,496 over the last 90 days. 38.03% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Focused Wealth Management Inc acquired a new stake in shares of Shift4 Payments during the 2nd quarter worth about $56,000. Ratan Capital Management LP increased its position in Shift4 Payments by 3.4% during the first quarter. Ratan Capital Management LP now owns 226,862 shares of the company’s stock worth $18,605,000 after buying an additional 7,500 shares during the period. Rehmann Capital Advisory Group acquired a new position in Shift4 Payments during the first quarter worth approximately $287,000. Teachers Retirement System of The State of Kentucky increased its position in Shift4 Payments by 129.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 52,244 shares of the company’s stock worth $4,285,000 after buying an additional 29,484 shares during the period. Finally, Virtu Financial LLC acquired a new position in Shift4 Payments during the first quarter worth approximately $692,000. 53.38% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. Wolfe Research upgraded Shift4 Payments from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 6th. Zacks Investment Research upgraded Shift4 Payments from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their price objective on Shift4 Payments from $86.00 to $93.00 and gave the company an “equal weight” rating in a research note on Thursday, April 22nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Shift4 Payments currently has a consensus rating of “Buy” and an average target price of $77.50.

Shares of NYSE FOUR opened at $86.08 on Thursday. The company has a quick ratio of 7.08, a current ratio of 7.09 and a debt-to-equity ratio of 2.03. Shift4 Payments has a fifty-two week low of $34.24 and a fifty-two week high of $104.11. The firm has a market cap of $6.97 billion and a price-to-earnings ratio of -81.98. The stock’s 50-day simple moving average is $94.02.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, May 6th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.54). Shift4 Payments had a negative return on equity of 18.73% and a negative net margin of 15.39%. The business had revenue of $239.30 million for the quarter, compared to analyst estimates of $230.07 million. Shift4 Payments’s revenue was up 20.0% on a year-over-year basis. On average, sell-side analysts forecast that Shift4 Payments will post -0.07 earnings per share for the current year.

About Shift4 Payments

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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