Shift4 Payments Q3 EPS Estimate Lowered by William Blair

Shift4 Payments, Inc. (NYSE:FOUR - Free Report) - Equities research analysts at William Blair reduced their Q3 2024 earnings per share (EPS) estimates for Shift4 Payments in a report issued on Monday, November 11th. William Blair analyst A. Jeffrey now forecasts that the company will post earnings per share of $0.82 for the quarter, down from their previous forecast of $0.91. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for Shift4 Payments' current full-year earnings is $3.08 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 recently commented on FOUR. DA Davidson upped their price objective on Shift4 Payments from $104.00 to $118.00 and gave the company a "buy" rating in a research report on Monday, October 21st. The Goldman Sachs Group lifted 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. Wells Fargo & Company upped their price objective on Shift4 Payments from $75.00 to $95.00 and gave the stock an "overweight" rating in a research note on Friday, September 20th. Benchmark reiterated a "buy" rating and set a $99.00 target price on shares of Shift4 Payments in a research report on Thursday, September 5th. Finally, Barclays began coverage on Shift4 Payments in a research report on Wednesday, October 9th. They issued an "overweight" rating and a $120.00 price target for the company. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Shift4 Payments has a consensus rating of "Moderate Buy" and a consensus price target of $95.53.

Shift4 Payments Stock Performance

NYSE FOUR traded down $8.01 during trading hours on Tuesday, hitting $96.90. The company's stock had a trading volume of 2,312,625 shares, compared to its average volume of 1,357,110. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $106.31. The company's 50 day simple moving average is $89.01 and its two-hundred day simple moving average is $76.76. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market cap of $8.59 billion, a P/E ratio of 63.58, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred on 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 of the company's stock, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the company'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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now owns 182,959 shares of the company's stock, valued at $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.

Institutional Investors Weigh In On Shift4 Payments

Large investors have recently bought and sold shares of the stock. Waldron Private Wealth LLC purchased a new stake in Shift4 Payments during the third quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new position in Shift4 Payments during the 3rd quarter worth approximately $27,000. Toth Financial Advisory Corp purchased a new stake in Shift4 Payments in the third quarter valued at approximately $32,000. J.Safra Asset Management Corp boosted its holdings in shares of Shift4 Payments by 79.0% in the first 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 during the third quarter worth approximately $56,000. Hedge funds and other institutional investors 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.