FY2024 EPS Estimates for Shift4 Payments, Inc. Decreased by Analyst (NYSE:FOUR)

Shift4 Payments, Inc. (NYSE:FOUR) – Stock analysts at Seaport Res Ptn reduced their FY2024 earnings per share estimates for shares of Shift4 Payments in a report issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now anticipates that the company will post earnings of $2.89 per share for the year, down from their previous estimate of $2.97. The consensus estimate for Shift4 Payments’ current full-year earnings is $2.86 per share.

Several other research firms also recently commented on FOUR. Keefe, Bruyette & Woods initiated coverage on Shift4 Payments in a research note on Tuesday, January 16th. They set an “outperform” rating and a $95.00 price objective for the company. DA Davidson reiterated a “buy” rating and set a $96.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 28th. Morgan Stanley boosted their target price on Shift4 Payments from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. Benchmark reiterated a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research report on Tuesday, March 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $94.00 target price on shares of Shift4 Payments in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.52.

Shift4 Payments Stock Up 0.4 %

FOUR opened at $62.14 on Tuesday. The business has a 50 day moving average price of $73.68 and a two-hundred day moving average price of $67.40. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 2.02. The company has a market cap of $5.36 billion, a PE ratio of 43.76, a P/E/G ratio of 1.01 and a beta of 1.57. Shift4 Payments has a 52 week low of $42.91 and a 52 week high of $92.30.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. The firm had revenue of $269.30 million during the quarter, compared to analysts’ expectations of $278.85 million.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. lifted its stake in Shift4 Payments by 2.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 6,189 shares of the company’s stock valued at $460,000 after buying an additional 164 shares in the last quarter. United Capital Financial Advisers LLC lifted its stake in Shift4 Payments by 3.1% in the 4th quarter. United Capital Financial Advisers LLC now owns 5,966 shares of the company’s stock valued at $334,000 after buying an additional 177 shares in the last quarter. BOKF NA lifted its stake in Shift4 Payments by 0.7% in the 4th quarter. BOKF NA now owns 28,211 shares of the company’s stock valued at $2,097,000 after buying an additional 200 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in Shift4 Payments by 6.3% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 3,670 shares of the company’s stock valued at $249,000 after buying an additional 218 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Shift4 Payments by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,726 shares of the company’s stock valued at $372,000 after buying an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling

In related news, insider David Taylor Lauber sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total value of $1,202,250.00. Following the sale, the insider now owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 32.14% of the company’s stock.

About Shift4 Payments

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.