Shift4 Payments Inc. (NYSE: FOUR) stock fell -0.99% on Friday to $58.72 against a previous-day closing price of $59.31. With 1.47 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.14 million shares. The 52-week range on FOUR shows that it touched its highest point at $76.40 and its lowest point at $36.33 during that stretch. It currently has a 1-year price target of $82.79. Beta for the stock currently stands at 1.27.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FOUR was up-trending over the past week, with a rise of 4.28%, but this was up by 2.41% over a month. Three-month performance dropped to -7.95% while six-month performance fell -15.05%. The stock gained 20.45% in the past year, while it has gained 4.99% so far this year. A look at the trailing 12-month EPS for FOUR yields 1.47 with Next year EPS estimates of 3.40. For the next quarter, that number is 0.67. This implies an EPS growth rate of 201.90% for this year and 26.15% for next year.
Float and Shares Shorts:
At present, 58.98 million FOUR shares are outstanding with a float of 55.65 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.57 million, which was 14.71% higher than short shares on Jul 30, 2023. In addition to Mr. Jared Isaacman as the firm’s Founder, CEO & Chairman, Mr. David Taylor Lauber serves as its Pres & Chief Strategy Officer.
Institutional Ownership:
Other institutions hold 57.10% of FOUR, in contrast to 46.79% held by mutual funds. Shares owned by individuals account for 2.63%. As the largest shareholder in FOUR with 9.59% of the stake, The Vanguard Group, Inc. holds 5,415,541 shares worth 5,415,541. A second-largest stockholder of FOUR, Wellington Management Co. LLP, holds 5,112,332 shares, controlling over 9.05% of the firm’s shares. Durable Capital Partners LP is the third largest shareholder in FOUR, holding 3,692,594 shares or 6.54% stake. With a 3.53% stake in FOUR, the Hartford Mid Cap Fund is the largest stakeholder. A total of 1,995,563 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.17% of FOUR stock, is the second-largest Mutual Fund holder. It holds 1,791,145 shares valued at 101.72 million. Vanguard Small Cap Index Fund holds 2.64% of the stake in FOUR, owning 1,491,712 shares worth 84.71 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, FOUR reported revenue of $506.70M and operating income of $23.00M. The EBITDA in the recently reported quarter was $54.40M and diluted EPS was $0.18.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FOUR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FOUR analysts setting a high price target of $100.00 and a low target of $57.00, the average target price over the next 12 months is $81.55. Based on these targets, FOUR could surge 70.3% to reach the target high and fall by -2.93% to reach the target low. Reaching the average price target will result in a growth of 38.88% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded FOUR stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 73,995 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 330,076 while 192,093 shares were sold.
