Seaport Res Ptn Predicts Lower Earnings for Shift4 Payments

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

A number of other research firms also recently weighed in on FOUR. Barclays began coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. Piper Sandler raised their target price on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. DA Davidson upped 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. BTIG Research raised their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, B. Riley boosted their target price on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.15.

Shift4 Payments Price Performance

NYSE FOUR opened at $114.95 on Thursday. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $10.36 billion, a PE ratio of 62.47, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $115.08. The company has a 50 day moving average price of $95.67 and a two-hundred day moving average price of $80.67.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of the 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 owns 182,959 shares in the company, valued at approximately $14,874,566.70. This represents a 9.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction dated 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 sale, the insider now 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 disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Waldron Private Wealth LLC acquired a new stake in Shift4 Payments during the third quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new position in shares of Shift4 Payments during the 3rd quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new stake in Shift4 Payments in the 3rd quarter valued at $32,000. Financial Management Professionals Inc. bought a new stake in Shift4 Payments in the third quarter valued at $56,000. Finally, Quarry LP bought a new stake in Shift4 Payments in the second quarter valued at $60,000. Institutional investors and hedge funds own 98.87% 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.