Seaport Res Ptn Weighs in on Shift4 Payments, Inc.’s Q1 2024 Earnings (NYSE:FOUR)

Shift4 Payments, Inc. (NYSE:FOUR) – Investment analysts at Seaport Res Ptn cut their Q1 2024 EPS 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 $0.16 per share for the quarter, down from their prior estimate of $0.52. The consensus estimate for Shift4 Payments’ current full-year earnings is $2.85 per share. Seaport Res Ptn also issued estimates for Shift4 Payments’ Q2 2024 earnings at $0.23 EPS, Q3 2024 earnings at $0.99 EPS, Q4 2024 earnings at $1.50 EPS, Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $1.12 EPS, Q4 2025 earnings at $1.86 EPS and FY2025 earnings at $3.62 EPS.

A number of other research firms also recently commented on FOUR. Wells Fargo & Company boosted their price objective on shares of Shift4 Payments from $60.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Benchmark reissued a “buy” rating and set a $99.00 price objective on shares of Shift4 Payments in a report on Tuesday, March 19th. DA Davidson reissued a “buy” rating and set a $96.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 28th. Mizuho reissued a “buy” rating and set a $85.00 price objective on shares of Shift4 Payments in a report on Wednesday, March 27th. Finally, Piper Sandler reissued an “overweight” rating and set a $93.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus price target of $84.52.

Shift4 Payments Trading Down 0.9 %

Shares of Shift4 Payments stock opened at $61.92 on Wednesday. Shift4 Payments has a 52-week low of $42.91 and a 52-week high of $92.30. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 2.02. The company’s 50-day simple moving average is $73.15 and its 200-day simple moving average is $67.33. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 0.98 and a beta of 1.57.

Shift4 Payments (NYSE:FOUR) last posted 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 business had revenue of $269.30 million during the quarter, compared to analyst estimates of $278.85 million.

Insider Transactions at Shift4 Payments

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

Institutional Investors Weigh In On Shift4 Payments

A number of large investors have recently added to or reduced their stakes in the company. Durable Capital Partners LP grew its holdings in Shift4 Payments by 7.1% during the 4th quarter. Durable Capital Partners LP now owns 4,576,010 shares of the company’s stock valued at $255,936,000 after purchasing an additional 301,452 shares in the last quarter. Wasatch Advisors LP boosted its stake in Shift4 Payments by 34.3% during the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock valued at $228,031,000 after acquiring an additional 881,216 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Shift4 Payments by 6.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,171,922 shares of the company’s stock valued at $177,406,000 after acquiring an additional 179,965 shares during the last quarter. Jennison Associates LLC boosted its stake in Shift4 Payments by 25.7% during the 4th quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock valued at $218,936,000 after acquiring an additional 601,749 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Shift4 Payments by 2.8% during the 4th quarter. Clearbridge Investments LLC now owns 2,083,024 shares of the company’s stock valued at $154,852,000 after acquiring an additional 57,466 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

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.