B. Riley Boosts Earnings Estimates for Shift4 Payments

Shift4 Payments, Inc. (NYSE:FOUR) – Equities researchers at B. Riley lifted their FY2024 earnings estimates for Shift4 Payments in a research report issued to clients and investors on Tuesday, November 26th. B. Riley analyst H. Goetsch now forecasts that the company will earn $2.96 per share for the year, up from their previous forecast of $2.91. B. Riley currently has a “Buy” rating and a $150.00 target price on the stock. The consensus estimate for Shift4 Payments’ current full-year earnings is $2.95 per share. B. Riley also issued estimates for Shift4 Payments’ Q4 2024 earnings at $0.98 EPS and FY2025 earnings at $4.17 EPS.

A number of other equities analysts have also recently issued reports on FOUR. William Blair initiated coverage on Shift4 Payments in a report on Wednesday, September 4th. They set an “outperform” rating on the stock. The Goldman Sachs Group raised their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. DA Davidson lifted their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Barclays assumed coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective on the stock. Finally, BTIG Research boosted their target price on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus price target of $102.15.

Shift4 Payments Stock Performance

Shares of FOUR opened at $114.95 on Thursday. 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 firm’s fifty day simple moving average is $95.09 and its two-hundred day simple moving average is $80.43. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $115.08. The stock has a market capitalization of $10.36 billion, a P/E ratio of 62.47, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64.

Institutional Trading of Shift4 Payments

Several hedge funds have recently added to or reduced their stakes in the stock. Senator Investment Group LP increased its stake in shares of Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after purchasing an additional 555,737 shares during the last quarter. Artemis Investment Management LLP lifted its stake in Shift4 Payments by 113.0% in the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after purchasing an additional 242,684 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Shift4 Payments by 26.6% during the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after purchasing an additional 7,905 shares during the period. Jennison Associates LLC increased its position in Shift4 Payments by 9.3% in the third 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. Finally, Chesapeake Capital Corp IL bought a new stake in shares of Shift4 Payments in the third quarter valued at $552,000. Institutional investors own 98.87% of the company’s stock.

Insiders Place Their Bets

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 value of $1,032,125.00. Following the completion of the transaction, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 5.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were 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 directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This represents a 9.85 % 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.

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.