Seaport Res Ptn Cuts Earnings Estimates for Shift4 Payments

Shift4 Payments, Inc. (NYSE:FOUR) – Seaport Res Ptn decreased their Q4 2024 earnings per share (EPS) estimates for shares of Shift4 Payments in a research note issued to investors on Tuesday, November 26th. Seaport Res Ptn analyst J. Cantwell now forecasts that the company will earn $1.11 per share for the quarter, down from their prior forecast of $1.13. The consensus estimate for Shift4 Payments’ current full-year earnings is $2.96 per share.

Other analysts have also recently issued reports about the company. BTIG Research increased their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Barclays assumed coverage on Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective for the company. The Goldman Sachs Group increased their price objective on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Oppenheimer started coverage on Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price objective for the company. Finally, Stephens increased their target price on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $102.15.

Shift4 Payments Stock Down 0.8 %

Shift4 Payments stock opened at $114.08 on Thursday. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $116.84. The stock has a 50 day moving average of $96.21 and a two-hundred day moving average of $81.00. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 62.00, a PEG ratio of 1.43 and a beta of 1.64.

Insiders Place Their Bets

In other Shift4 Payments news, 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 transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. boosted its holdings in shares of Shift4 Payments by 2.6% during the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after purchasing an additional 119 shares during the last quarter. First Dallas Securities Inc. boosted its holdings in shares of Shift4 Payments by 1.8% during the second quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock worth $844,000 after purchasing an additional 200 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of Shift4 Payments by 25.7% during the second quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock worth $72,000 after purchasing an additional 202 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Shift4 Payments by 3.3% during the second quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock worth $477,000 after purchasing an additional 210 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after purchasing an additional 241 shares during the last quarter. 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.