Shift4 Payments CFO sells shares worth over $1.6m

Shift4 Payments, Inc. (NYSE:FOUR), a leader in payment processing solutions, reported a significant transaction by Chief Financial Officer 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 exceeding $1.6 million.


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


Following the sale, Disman's direct ownership in the company has been 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 trades.


Shift4 Payments has not made any additional comments on the transaction. The sale 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 year 2024 revealed a 90% increase in subscription and other revenues, largely attributed to small and medium-sized businesses, SkyTab, and VenueNext. The first quarter of 2024 also witnessed a 50% increase in payment volume and a 27% rise in gross profit.


Shift4 Payments has made strategic acquisitions, including Revel and Vectron, and announced an all-cash acquisition of Givex Corp. for approximately C$200 million. The merger aims to enhance customer offerings by combining Shift4's payment platform with Givex's value-added services. Furthermore, 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 increased the 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 from Mizuho and BTIG have also raised their price targets for Shift4 Payments, while RBC Capital maintained an Outperform rating.


Additionally, the company has revealed its intent to offer $1.1 billion in senior notes for general corporate purposes, including acquisitions, debt retirement, and stock repurchases. These are the recent developments surrounding Shift4 Payments.
InvestingPro Insights


Shift4 Payments, Inc. (NYSE:FOUR) has been a subject of interest for investors and analysts alike, particularly following the insider sale by CFO Nancy Disman. In light of this event, it's valuable to consider the company's financial metrics 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 stands at 49.99, indicating a high valuation by the market, which can be a sign of investor confidence in future growth or the perception of a 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 considering the recent insider transaction. Additionally, the stock has experienced a significant return over the last week, with an 8.93% price total return, and a strong return over the last three months, at 18.93%. These short-term performance metrics can be particularly interesting for investors looking for momentum in the market.


It's also noteworthy that analysts predict the company will be profitable this year, and it has been profitable over the last twelve months. Such profitability, combined with strong revenue growth of 28.48% in the last twelve months as of Q2 2024, could be a reassuring factor for investors. For those interested in further insights, there are additional InvestingPro Tips available at https://www.investing.com/pro/FOUR, which can provide a deeper understanding of Shift4 Payments' financial health and market position.

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Source: Investing.com