Shift4 Payments director sells $1.03 million in stock via Investing.com

In a recent transaction, Jordan Frankel, principal at Shift4 Payments, Inc. (NYSE:FOUR), sold a significant amount of the company’s shares. On September 16, 2024, Frankel sold 12,500 shares at an average price of $82.5694, amounting to approximately $1.03 million. This sale was executed under a Rule 10b5-1 predetermined trading plan, which allows company insiders to set a predetermined schedule for buying and selling stock at a time when they do not have material non-public information .

Shares were sold in multiple trades with prices ranging from $82.00 to $82.94. Following the sale, Frankel still owns 228,021 shares of Shift4 Payments, indicating a continued investment in the company’s future. According to the filing, Frankel serves as secretary, general counsel and executive vice president of legal, risk and compliance at Shift4 Payments.

Investors often monitor insider trading because it can provide insight into how executives perceive the company’s valuation and future prospects. It is important to note that insider selling can occur for a variety of reasons and does not necessarily reflect a negative outlook on company performance.

Headquartered in Center Valley, Pennsylvania, Shift4 Payments specializes in providing payment processing and technology solutions. The company’s stock is publicly traded and interested parties can track its performance under the symbol NYSE:FOUR.

In other recent news, Shift4 Payments showed a robust financial performance, marked by a 90% increase in subscription and other revenue in its second quarter report, largely attributed to contributions from small and medium businesses, SkyTab and VenueNext. The first quarter of 2024 also witnessed a 50% increase in payment volume and a 27% increase in gross profit. In addition to the financial raise, Shift4 Payments announced its intention to offer $1.1 billion in senior notes for general corporate purposes, including acquisitions, debt retirements and share repurchases.

The company has been active in strategic acquisitions with the recent acquisition of Revel and Vectron and the pending acquisition of Givex, an omnichannel point of sale solutions provider. Analysts at Citi, William Blair, Mizuho and BTIG showed confidence in Shift4 Payments, maintaining Buy and Outperform ratings and raising their price targets for the company.

In a strategic move, Shift4 Payments has also partnered with Pacers Sports & Entertainment to handle all ticketing and food service transactions at Gainbridge Fieldhouse. These recent developments demonstrate the company’s commitment to market growth and expansion.

InvestingPro Insights

Shift4 Payments, Inc. (NYSE:FOUR) has posted a strong performance in the market, with notable numbers that investors may find encouraging. According to InvestingPro data, the company posted a robust revenue growth of 28.48% over the past twelve months from Q2 2024, indicating a solid expansion of their business operations. Moreover, this growth trend is also reflected in the quarterly figures, with a 29.83% increase in revenue for Q2 2024.

Investors tracking the stock’s valuation metrics will note that Shift4 Payments trades at a high multiple to earnings, with a P/E ratio of 49.99 and an adjusted P/E ratio of 40.71 for the trailing twelve months through Q2 2024. This suggests that the market has high expectations about the company’s future earnings potential. Additionally, the company’s share price has seen significant volatility, which could present opportunities for investors looking for short-term moves in the market.

For those considering an investment in Shift4 Payments, it is worth noting that the company has demonstrated strong returns over the past three months, with a total price return of 18.93%. This performance is part of a larger trend, as the company has also demonstrated solid profitability over the past five years. These InvestingPro tips highlight the company’s profitability and growth potential, which could be factors in Jordan Frankel’s decision to maintain a substantial stake in the company after the sale.

Shift4 Payments does not currently pay a dividend to shareholders, which is a key consideration for income-focused investors. However, the company’s growth and profitability metrics may appeal to those looking for capital appreciation. For a deeper dive into the company’s financials and other InvestingPro tips, interested parties can visit https://www.investing.com/pro/FOUR, where 9 more tips are available to help inform investment decisions.

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