Shift4 Payments Inc (NYSE: FOUR) stock fell -0.08% on Monday to $64.59 against a previous-day closing price of $64.64. With 1.09 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.32 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $64.84 whereas the lowest price it dropped to was $63.44. The 52-week range on FOUR shows that it touched its highest point at $76.40 and its lowest point at $41.25 during that stretch. It currently has a 1-year price target of $76.65. Beta for the stock currently stands at 1.53.
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 9.75%, but this was up by 27.62% over a month. Three-month performance surged to 17.69% while six-month performance fell -4.35%. The stock gained 36.29% in the past year, while it has gained 15.48% so far this year. A look at the trailing 12-month EPS for FOUR yields 1.67 with Next year EPS estimates of 3.69. For the next quarter, that number is 0.81. This implies an EPS growth rate of 104.11% for this year and 29.98% for next year.
Float and Shares Shorts:
At present, 58.65 million FOUR shares are outstanding with a float of 55.60 million shares on hand for trading. On Oct 30, 2023, short shares totaled 10.17 million, which was 17.46% higher than short shares on Sep 28, 2023. In addition to Mr. Jared Isaacman as the firm’s Founder, CEO & Chairman, Mr. David Taylor Lauber serves as its President & Chief Strategy Officer.
Through their ownership of 99.56% of FOUR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.18% of FOUR, in contrast to 49.24% held by mutual funds. Shares owned by individuals account for 2.58%. As the largest shareholder in FOUR with 9.35% of the stake, The Vanguard Group, Inc. holds 5,276,673 shares worth 5,276,673. A second-largest stockholder of FOUR, Wellington Management Co. LLP, holds 5,040,341 shares, controlling over 8.93% of the firm’s shares. Durable Capital Partners LP is the third largest shareholder in FOUR, holding 4,167,388 shares or 7.38% stake. With a 3.46% stake in FOUR, the Hartford Mid Cap Fund is the largest stakeholder. A total of 1,952,840 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.19% of FOUR stock, is the second-largest Mutual Fund holder. It holds 1,799,786 shares valued at 80.13 million. Vanguard Small Cap Index Fund holds 2.58% of the stake in FOUR, owning 1,457,027 shares worth 64.87 million.
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 $97.00 and a low target of $52.00, the average target price over the next 12 months is $76.65. Based on these targets, FOUR could surge 50.18% to reach the target high and fall by -19.49% to reach the target low. Reaching the average price target will result in a growth of 18.67% from current levels.
Summary of Insider Activity:
Insiders traded FOUR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 328,525 while 181,613 shares were sold.