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Shift4 Payments, Inc. (NYSE:FOUR) director Sarah Goldsmith-Grover reported a significant stock sale in a recent filing with the Securities and Exchange Commission. On June 12, Goldsmith-Grover sold 1,000 shares of Class A Common Stock at a price of $94.53 per share, totaling $94,530. This transaction was conducted under a Rule 10b5-1 trading plan. The sale occurred as Shift4, currently valued at $8.1 billion, trades near $91.48 per share. According to InvestingPro analysis, the stock has demonstrated notable volatility while maintaining strong returns over the past five years.
Following this sale, Goldsmith-Grover’s direct ownership stands at 7,474 shares. The filing also noted an acquisition on June 13, where she received 2,367 restricted stock units. These units, awarded at no cost, will vest in full on the one-year anniversary of the grant date, contingent on her continued service with the company. After this acquisition, her total holdings increased to 9,841 shares. With analyst targets ranging from $90 to $150 and an overall financial health score of "GOOD" from InvestingPro, investors can access comprehensive analysis and 8 additional ProTips through the platform’s detailed research reports.
In other recent news, Shift4 Payments announced significant leadership changes, with Jared Isaacman resigning as CEO to become Executive Chairman, while Taylor Lauber steps in as the new CEO. This transition is part of a planned succession strategy, and the company has expressed confidence in Lauber’s leadership capabilities. Meanwhile, Citi analysts reiterated their Buy rating for Shift4 Payments, maintaining a price target of $114, citing the leadership changes as strategically positive. DA Davidson also maintained a Buy rating, with a price target of $124, following Global Blue’s robust financial results. Keefe, Bruyette & Woods kept a Market Perform rating, with a $95 price target, noting Isaacman’s continued involvement as beneficial. The restructuring plans for Shift4 Payments have seen changes, as the previous agreement with Isaacman’s holding company was terminated due to unmet conditions. Despite these developments, Shift4 Payments has indicated that it is performing well against its guidance and mid-term outlook. Investors will be watching closely as the company navigates these changes in the competitive payment processing sector.
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