William Blair Predicts Weaker Earnings for Shift4 Payments

Shift4 Payments, Inc. (NYSE:FOUR) – Research analysts at William Blair cut their Q3 2024 earnings per share (EPS) estimates for shares of Shift4 Payments in a research report issued to clients and investors on Monday, November 11th. William Blair analyst A. Jeffrey now anticipates that the company will post earnings per share of $0.82 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 $3.08 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 issued reports on FOUR. Barclays assumed coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. Susquehanna lifted their target price on shares of Shift4 Payments from $97.00 to $105.00 and gave the company a “positive” rating in a research note on Monday, November 4th. The Goldman Sachs Group upped their price target on shares of Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Benchmark reissued a “buy” rating and set a $99.00 price objective on shares of Shift4 Payments in a research report on Thursday, September 5th. Finally, Morgan Stanley upped their target price on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $95.53.

Shift4 Payments Stock Down 5.5 %

Shares of Shift4 Payments stock opened at $99.16 on Tuesday. 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 1 year low of $55.87 and a 1 year high of $106.31. The stock has a 50-day moving average price of $89.01 and a 200 day moving average price of $76.76. The company has a market cap of $8.79 billion, a P/E ratio of 58.22, a P/E/G ratio of 1.16 and a beta of 1.64.

Insider Buying and Selling at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 completion of the transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This trade represents a 0.00 % 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.

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds have recently made changes to their positions in the business. Waldron Private Wealth LLC bought a new position in Shift4 Payments during the third quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in shares of Shift4 Payments in the third quarter valued at approximately $27,000. Toth Financial Advisory Corp acquired a new position in shares of Shift4 Payments in the 3rd quarter worth approximately $32,000. J.Safra Asset Management Corp grew its position in Shift4 Payments by 79.0% during the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after acquiring an additional 347 shares during the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in Shift4 Payments during the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 98.87% 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.