William Blair Cuts Earnings Estimates for Shift4 Payments

Shift4 Payments, Inc. (NYSE:FOUR) – William Blair decreased their Q3 2024 earnings estimates for shares of Shift4 Payments in a report issued on Monday, November 11th. William Blair analyst A. Jeffrey now forecasts that the company will earn $0.82 per share for the quarter, down from their prior estimate 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.

Other equities research analysts have also issued research reports about the company. Oppenheimer initiated coverage on Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 target price on the stock. DA Davidson raised their price objective on shares of Shift4 Payments from $104.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Susquehanna upped their target price on shares of Shift4 Payments from $97.00 to $105.00 and gave the company a “positive” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Finally, Morgan Stanley upped their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average target price of $95.53.

Shift4 Payments Stock Up 4.1 %

Shift4 Payments stock opened at $104.91 on Tuesday. The stock has a market cap of $9.30 billion, a PE ratio of 63.58, a P/E/G ratio of 1.16 and a beta of 1.64. 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 stock’s fifty day moving average is $89.01 and its two-hundred day moving average is $76.76. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $106.31.

Institutional Investors Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently modified their holdings of the company. King Luther Capital Management Corp boosted its position in Shift4 Payments by 54.5% during the third quarter. King Luther Capital Management Corp now owns 46,638 shares of the company’s stock worth $4,132,000 after purchasing an additional 16,460 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after buying an additional 242,179 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of Shift4 Payments by 31.9% in the 3rd quarter. Avior Wealth Management LLC now owns 4,675 shares of the company’s stock worth $414,000 after buying an additional 1,130 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Shift4 Payments during the 3rd quarter valued at about $7,875,000. Finally, Swiss National Bank increased its holdings in Shift4 Payments by 1.5% during the 3rd quarter. Swiss National Bank now owns 109,000 shares of the company’s stock valued at $9,657,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on 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 directly owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.57% 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.