Bank of America Corp DE lowered its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 12.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 283,177 shares of the company's stock after selling 40,056 shares during the quarter. Bank of America Corp DE owned about 0.36% of Shift4 Payments worth $12,383,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of FOUR. Advisors Asset Management Inc. increased its holdings 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 purchasing an additional 217 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Shift4 Payments by 18.8% during the 2nd quarter. Cetera Investment Advisers now owns 5,443 shares of the company's stock valued at $539,000 after acquiring an additional 860 shares during the period. Prudential Financial Inc. boosted its holdings in Shift4 Payments by 29.6% during the 2nd quarter. Prudential Financial Inc. now owns 5,410 shares of the company's stock valued at $529,000 after acquiring an additional 1,235 shares during the period. Cresset Asset Management LLC purchased a new position in Shift4 Payments during the 2nd quarter valued at about $249,000. Finally, Cerity Partners LLC grew its position in Shift4 Payments by 4.4% in the 2nd quarter. Cerity Partners LLC now owns 5,317 shares of the company's stock valued at $527,000 after acquiring an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.
Shift4 Payments Price Performance
Shift4 Payments stock opened at $48.05 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.59. The company has a fifty day simple moving average of $47.55 and a 200-day simple moving average of $47.03. The stock has a market cap of $3.79 billion, a P/E ratio of 80.08, a price-to-earnings-growth ratio of 0.62 and a beta of 1.40. Shift4 Payments, Inc. has a 12-month low of $34.56 and a 12-month high of $92.79.
Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.26 by $0.06. Shift4 Payments had a return on equity of 28.40% and a net margin of 2.20%.The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $615.65 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. Shift4 Payments's revenue for the quarter was up 50.9% compared to the same quarter last year. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. Equities analysts expect that Shift4 Payments, Inc. will post 4.33 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. The Goldman Sachs Group set a $48.00 price target on shares of Shift4 Payments in a research note on Friday, August 7th. Zacks Research raised shares of Shift4 Payments from a "strong sell" rating to a "hold" rating in a research note on Monday, June 1st. Evercore set a $45.00 price objective on shares of Shift4 Payments in a report on Monday, May 18th. Keefe, Bruyette & Woods upped their target price on shares of Shift4 Payments from $50.00 to $52.00 and gave the stock a "market perform" rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada reduced their target price on shares of Shift4 Payments from $65.00 to $63.00 and set an "outperform" rating on the stock in a report on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $58.10.
View Our Latest Stock Report on FOUR
About Shift4 Payments
(
Free Report)
Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company's platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.
The company's core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.
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