Annex Advisory Services LLC Makes New $1.50 Million Investment in Shift4 Payments, Inc. $FOUR

Key Points

• Annex Advisory Services initiated a $1.5 million position in Shift4 Payments, purchasing 41,467 shares and representing approximately 0.05% ownership.
• Shift4 reported quarterly earnings of $1.32 per share, beating estimates by $0.06, while revenue rose 50.9% year over year to $1.29 billion. Institutional investors own 98.87% of the company.
• Analyst sentiment is mixed, with an average rating of Hold and an average price target of $56.68; shares recently traded at $39.47, well below the 52-week high of $77.50.

Annex Advisory Services LLC bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 41,467 shares of the company's stock, valued at approximately $1,500,000. Annex Advisory Services LLC owned 0.05% of Shift4 Payments at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Glenmede Trust Co. NA grew its holdings in shares of Shift4 Payments by 6.0% in the 1st quarter. Glenmede Trust Co. NA now owns 4,786 shares of the company's stock valued at $209,000 after buying an additional 270 shares during the period. State of Michigan Retirement System increased its holdings in shares of Shift4 Payments by 1.9% in the first quarter. State of Michigan Retirement System now owns 16,300 shares of the company's stock worth $713,000 after acquiring an additional 300 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Shift4 Payments by 3.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,900 shares of the company's stock worth $608,000 after acquiring an additional 400 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Shift4 Payments by 3.6% during the third quarter. Farther Finance Advisors LLC now owns 15,697 shares of the company's stock worth $568,000 after purchasing an additional 539 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in shares of Shift4 Payments during the second quarter worth about $34,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Stock Performance

Shares of NYSE FOUR opened at $39.47 on Friday. The stock has a 50 day moving average price of $41.94 and a 200 day moving average price of $44.15. Shift4 Payments, Inc. has a 52 week low of $34.56 and a 52 week high of $77.50. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $3.12 billion, a PE ratio of 65.78, a price-to-earnings-growth ratio of 0.57 and a beta of 1.39.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.06. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $615.65 million. Shift4 Payments had a return on equity of 28.40% and a net margin of 2.20%. The business's quarterly revenue was up 50.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 EPS. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. Analysts predict that Shift4 Payments, Inc. will post 4.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FOUR. Susquehanna lowered their target price on Shift4 Payments from $78.00 to $63.00 and set a "positive" rating for the company in a research note on Monday, October 5th. Loop Capital started coverage on shares of Shift4 Payments in a report on Wednesday, June 24th. They set a "hold" rating and a $40.00 target price on the stock. Wells Fargo & Company raised shares of Shift4 Payments from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $55.00 to $59.00 in a research note on Tuesday, August 25th. UBS Group cut their price target on shares of Shift4 Payments from $60.00 to $52.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Finally, B. Riley Financial reduced their price target on shares of Shift4 Payments from $96.00 to $94.00 and set a "buy" rating for the company in a report on Tuesday, October 6th. Eleven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $56.68.

Shift4 Payments Profile

Shift4 Payments, Inc provides integrated payment processing and commerce technology for businesses worldwide. The company enables merchants to accept payments through in-person, online and mobile channels, offering services that can include payment gateways, acquiring, transaction processing, fraud prevention and reporting.

Shift4's platform is designed to combine payments with business-management tools and point-of-sale systems. Its solutions support industries such as restaurants, hospitality, retail, sports and entertainment, gaming, e-commerce and other organizations that require unified payment and commerce capabilities.

Want to see what other hedge funds are holding FOUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shift4 Payments, Inc. (NYSE:FOUR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.