William Blair Lowers Earnings Estimates for Shift4 Payments

Shift4 Payments, Inc. (NYSE:FOUR) – Equities research analysts at William Blair lowered their Q3 2024 earnings estimates for shares of Shift4 Payments in a report released on Monday, November 11th. William Blair analyst A. Jeffrey now forecasts that the company will post earnings of $0.82 per share for the quarter, down from their prior estimate of $0.91. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Shift4 Payments’ current full-year earnings is $3.04 per share. William Blair also issued estimates for Shift4 Payments’ Q4 2024 earnings at $0.86 EPS and FY2024 earnings at $2.78 EPS.

A number of other research analysts also recently issued reports on FOUR. The Goldman Sachs Group upped their price target on Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a report on Monday, October 14th. Oppenheimer began coverage on Shift4 Payments in a report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target on the stock. BTIG Research upped their price target on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Susquehanna upped their price objective on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday. Finally, Morgan Stanley upped their price objective on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.10.

Shift4 Payments Stock Performance

Shares of FOUR opened at $101.37 on Tuesday. The business’s fifty day simple moving average is $89.41 and its two-hundred day simple moving average is $77.05. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $106.31. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 56.16, a P/E/G ratio of 1.16 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. The business had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $369.07 million.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Waldron Private Wealth LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter valued at $25,000. Transcendent Capital Group LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter valued at $27,000. Toth Financial Advisory Corp purchased a new position in shares of Shift4 Payments in the 3rd quarter valued at $32,000. J.Safra Asset Management Corp increased its holdings in shares of Shift4 Payments by 79.0% in the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after acquiring an additional 347 shares during the period. Finally, Financial Management Professionals Inc. purchased a new position in shares of Shift4 Payments in the 3rd quarter valued at $56,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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.