FY2024 EPS Estimates for Shift4 Payments Boosted by B. Riley

Shift4 Payments, Inc. (NYSE:FOUR) – Equities researchers at B. Riley lifted their FY2024 earnings estimates for Shift4 Payments in a research note issued to investors on Tuesday, November 26th. B. Riley analyst H. Goetsch now expects that the company will post earnings of $2.96 per share for the year, up from their prior estimate of $2.91. B. Riley has a “Buy” rating and a $150.00 price target 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.

Several other equities research analysts also recently issued reports on the stock. Piper Sandler raised their target price on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Stephens lifted 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. Susquehanna boosted their target price on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. BTIG Research raised their price target on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, The Goldman Sachs Group upped their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.15.

Shift4 Payments Stock Performance

Shares of FOUR opened at $114.95 on Thursday. The company has a market cap of $10.36 billion, a PE ratio of 62.47, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. The firm has a 50-day moving average of $95.09 and a 200-day moving average of $80.43. Shift4 Payments has a one year low of $55.87 and a one year high of $115.08. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP grew its holdings in shares of Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. Jennison Associates LLC boosted its position in 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 period. Clearbridge Investments LLC grew its holdings in Shift4 Payments by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after acquiring an additional 235,355 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Shift4 Payments by 11,776.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after acquiring an additional 1,716,132 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in shares of Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after acquiring an additional 12,804 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments 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 owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their position. 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.