William Blair Lowers Earnings Estimates for Shift4 Payments

Shift4 Payments, Inc. (NYSE:FOUR) – Investment analysts at William Blair reduced their Q3 2024 earnings per share estimates for shares of Shift4 Payments in a note issued to investors on Monday, November 11th. William Blair analyst A. Jeffrey now anticipates that the company will post earnings of $0.82 per share for the quarter, down from their prior estimate of $0.91. William Blair 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 analysts have also recently commented on FOUR. Oppenheimer began coverage on Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target for the company. Piper Sandler boosted their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday. BTIG Research boosted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. B. Riley boosted their price objective on Shift4 Payments from $104.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. Finally, DA Davidson boosted their price objective on Shift4 Payments from $104.00 to $118.00 and gave the company a “buy” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $99.10.

Shift4 Payments Stock Performance

Shares of FOUR opened at $101.37 on Tuesday. The stock has a 50-day moving average of $89.41 and a two-hundred day moving average of $77.05. Shift4 Payments has a one year low of $55.87 and a one year high of $106.31. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market cap of $8.98 billion, a P/E 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 quarterly earnings results on Tuesday, November 12th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. Shift4 Payments had a return on equity of 24.78% and a net margin of 4.04%. The company had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $369.07 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Senator Investment Group LP boosted its holdings in shares of Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after purchasing an additional 555,737 shares during the last quarter. Forge First Asset Management Inc. acquired a new position in Shift4 Payments in the first quarter valued at approximately $1,242,000. Artemis Investment Management LLP lifted its holdings in Shift4 Payments by 113.0% in the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after acquiring an additional 242,684 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Shift4 Payments by 7.1% in the first quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock valued at $14,465,000 after acquiring an additional 14,438 shares during the last quarter. Finally, Coronation Fund Managers Ltd. acquired a new position in Shift4 Payments in the second quarter valued at approximately $1,378,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction that occurred 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction that occurred 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 approximately $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

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.