Q4 EPS Estimates for Shift4 Payments Cut by Seaport Res Ptn

Shift4 Payments, Inc. (NYSE:FOUR) – Equities research analysts at Seaport Res Ptn lowered their Q4 2024 earnings estimates for Shift4 Payments in a report released on Tuesday, November 26th. Seaport Res Ptn analyst J. Cantwell now expects that the company will post earnings per share of $1.11 for the quarter, down from their previous estimate of $1.13. The consensus estimate for Shift4 Payments’ current full-year earnings is $2.95 per share.

FOUR has been the topic of several other research reports. William Blair began coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating on the stock. Wells Fargo & Company lifted their target price on Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Barclays assumed coverage on Shift4 Payments in a report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. Stephens raised their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, DA Davidson lifted their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $102.15.

Shift4 Payments Price Performance

FOUR stock opened at $114.95 on Thursday. The firm has a market cap of $10.36 billion, a P/E ratio of 62.47, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $115.08. The stock has a 50-day simple moving average of $95.67 and a 200-day simple moving average of $80.67.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Waldron Private Wealth LLC acquired a new position in Shift4 Payments during the third quarter valued at $25,000. Transcendent Capital Group LLC purchased a new position in Shift4 Payments during the 3rd quarter valued at about $27,000. Toth Financial Advisory Corp acquired a new position in shares of Shift4 Payments in the 3rd quarter valued at about $32,000. Financial Management Professionals Inc. acquired a new position in shares of Shift4 Payments in the 3rd quarter valued at about $56,000. Finally, Quarry LP purchased a new stake in shares of Shift4 Payments in the second quarter worth approximately $60,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Shift4 Payments Company Profile

Shift4 Payments, Inc (NYSE FOUR) 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.