Seaport Res Ptn Research Analysts Decrease Earnings Estimates for Shift4 Payments, Inc. (NYSE:FOUR)

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

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

A number of other research firms have also recently issued reports on FOUR. Benchmark reiterated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 19th. Keefe, Bruyette & Woods started coverage on shares of Shift4 Payments in a research note on Tuesday, January 16th. They issued an “outperform” rating and a $95.00 target price for the company. The Goldman Sachs Group reduced their target price on shares of Shift4 Payments from $91.00 to $80.00 and set a “buy” rating for the company in a research note on Monday. Wells Fargo & Company lifted their target price on shares of Shift4 Payments from $60.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Evercore ISI reduced their target price on shares of Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and an average target price of $84.52.

Shift4 Payments Stock Performance

Shares of FOUR opened at $61.90 on Tuesday. The company’s 50 day moving average price is $73.92 and its 200 day moving average price is $67.36. Shift4 Payments has a 52 week low of $42.91 and a 52 week high of $92.30. The company has a market capitalization of $5.34 billion, a PE ratio of 43.59, a PEG ratio of 1.01 and a beta of 1.57. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.63 and a current ratio of 1.64.

Insider Transactions at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the transaction, the insider now owns 243,880 shares of the company’s stock, valued at $19,546,982. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.14% of the stock is owned by corporate insiders.

Hedge Funds 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. increased its position in Shift4 Payments by 2.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 6,189 shares of the company’s stock worth $460,000 after acquiring an additional 164 shares during the period. United Capital Financial Advisers LLC increased its holdings 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 during the period. BOKF NA increased its holdings 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 during the period. Orion Portfolio Solutions LLC increased its holdings 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 during the period. Finally, Principal Financial Group Inc. increased its holdings 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 during the period. Institutional investors 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.