Shift4 Payments CFO Sells Over $1.6M in Shares Via Investing.com

Shift4 Payments, Inc. (NYSE:FOUR), a leader in payment processing solutions, reported a significant transaction by CFO Nancy Disman. According to the latest filing, Disman sold 20,000 shares of the company’s Class A common stock. The transaction, which took place on September 13, involved a total sale amount of more than $1.6 million.

Investors tracking insider activity may note that shares were sold at a weighted average price of $81.2996, with individual sale prices ranging between $80.80 and $81.80. This sale was made pursuant to a Rule 10b5-1 pre-arranged trading plan, which allows insiders to establish predetermined trading plans for the sale of shares at a specified time.

Following the sale, Disman’s direct ownership of the company was adjusted to 182,959 shares of Class A common stock. These transactions are publicly disclosed to the Securities and Exchange Commission through mandatory filings, providing investors with transparency regarding insider trading.

Shift4 Payments had no further comment on the transaction. Selling by the CFO is a routine disclosure and such filings are a regular part of corporate governance and compliance for publicly traded companies.

In other recent news, Shift4 Payments has been in the spotlight with several significant developments. The company’s Q2 results for fiscal 2024 revealed a 90% increase in subscription and other revenue, largely attributable to small and mid-sized businesses, SkyTab and VenueNext. The first quarter of 2024 also witnessed a 50% increase in payment volume and a 27% increase in gross profit.

Shift4 Payments has made strategic acquisitions including Revel and Vectron and announced a full acquisition of Givex Corp. for approximately $200 million. The merger aims to enhance customer offerings by combining Shift4’s payment platform with Givex’s value-added services. In addition, the company has entered into a strategic partnership with Pacers Sports & Entertainment to manage all ticketing and food service transactions at Gainbridge Fieldhouse.

Analysts from various firms have shown confidence in Shift4 Payments. Citi raised its price target to $93, maintaining a Buy rating on the stock. William Blair initiated Shift4 Payments with an Outperform rating, highlighting the company’s potential for above-average growth. Analysts at Mizuho and BTIG also raised their price targets on Shift4 Payments, while RBC Capital maintained an Outperform rating.

In addition, the company disclosed its intention to offer $1.1 billion in senior notes for general corporate purposes, including acquisitions, debt retirements and share repurchases. These are the recent developments around Shift4 Payments.

InvestingPro Insights

Shift4 Payments, Inc. (NYSE:FOUR) has been a topic of interest for investors and analysts alike, particularly following the sell-off by CFO Nancy Disman. In light of this event, it is valuable to consider the company’s financials and market performance. As of the latest data, Shift4 Payments boasts a market capitalization of $7.37 billion, reflecting its significant presence in the payment processing industry. The company’s P/E ratio is 49.99, indicating a high valuation by the market, which may be a sign of investor confidence in future growth or the perception of premium quality in the company’s earnings.

InvestingPro tips for Shift4 Payments suggest that the company’s net income is expected to grow this year, which could provide a positive outlook for investors given the recent insider trade. Moreover, the stock has seen a significant return in the last week with a total price return of 8.93% and a strong return in the past three months at 18.93%. These short-term performance indicators can be especially interesting for investors looking for momentum in the market.

It’s also worth noting that analysts predict the company will be profitable this year and has been profitable for the past twelve months. Such profitability, combined with strong revenue growth of 28.48% in the trailing twelve months through Q2 2024, could be a reassuring factor for investors. For those interested in additional information, there is additional InvestingPro advice available at https://www.investing.com/pro/FOUR which can provide a deeper understanding of the financial health and market position of Shift4 Payments.

This article was generated with support from AI and reviewed by an editor. For more information, see T&C.