Shift4 Payments (NYSE:FOUR) Announces Earnings Results

Shift4 Payments (NYSE:FOUR) issued its quarterly earnings results on Thursday. The company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03), Briefing.com reports. Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business posted $1.04 earnings per share. The business’s revenue was up 61.4% on a year-over-year basis. Shift4 Payments updated its FY 2025 guidance to EPS.

Shift4 Payments Stock Down 1.0%

Shares of Shift4 Payments stock traded down $0.67 during trading hours on Friday, reaching $66.15. The company’s stock had a trading volume of 4,247,915 shares, compared to its average volume of 2,391,771. The company has a market capitalization of $5.85 billion, a P/E ratio of 31.06, a P/E/G ratio of 0.67 and a beta of 1.71. The stock’s fifty day simple moving average is $79.06 and its two-hundred day simple moving average is $88.37. Shift4 Payments has a one year low of $61.23 and a one year high of $127.50. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.53 and a current ratio of 1.38.

Insider Transactions at Shift4 Payments

In related news, Chairman Jared Isaacman purchased 104,705 shares of the business’s stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the purchase, the chairman owned 939,715 shares of the company’s stock, valued at approximately $78,569,571.15. This trade represents a 12.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James J. Whalen sold 794 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the sale, the insider directly owned 56,324 shares of the company’s stock, valued at approximately $5,062,964.36. This trade represents a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 25.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. raised its position in Shift4 Payments by 100.0% in the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after buying an additional 217 shares during the last quarter. State of Wyoming bought a new stake in shares of Shift4 Payments in the 2nd quarter worth $174,000. Tower Research Capital LLC TRC grew its stake in shares of Shift4 Payments by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,850 shares of the company’s stock worth $183,000 after acquiring an additional 452 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of Shift4 Payments in the second quarter valued at about $249,000. Finally, Rafferty Asset Management LLC purchased a new stake in shares of Shift4 Payments in the second quarter valued at about $251,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on FOUR. Piper Sandler cut their target price on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $90.00 price objective on shares of Shift4 Payments in a research report on Thursday. Weiss Ratings lowered shares of Shift4 Payments from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. DA Davidson reduced their price target on shares of Shift4 Payments from $124.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, BTIG Research reiterated a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $102.25.

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.