Carnegie Investment Counsel Has $324,000 Stake in Shift4 Payments, Inc. $FOUR

Key Points

• Carnegie Investment Counsel trimmed its position in Shift4 Payments by 94% in Q4, selling 80,581 shares and leaving a holding worth about $324,000.
• Major shareholder Jared Isaacman bought 159,244 shares at ~$44.15 ($7.03M), raising his stake to 1,321,207 shares, and insiders purchased 385,757 shares (~$17.7M) in the past three months (insiders now own 25.15%).
• Several analysts have cut price targets (Goldman Sachs to $56), though consensus remains a “Moderate Buy” with an average target of $78.12 and a mix of 12 Buys, 7 Holds and 1 Sell.

Carnegie Investment Counsel trimmed its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 94.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,150 shares of the company's stock after selling 80,581 shares during the quarter. Carnegie Investment Counsel's holdings in Shift4 Payments were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Shift4 Payments by 25.9% during the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company's stock valued at $54,000 after buying an additional 177 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Shift4 Payments by 5.6% during the 3rd quarter. Parallel Advisors LLC now owns 4,049 shares of the company's stock valued at $313,000 after buying an additional 214 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Shift4 Payments by 100.0% during 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. Glenmede Investment Management LP lifted its holdings in shares of Shift4 Payments by 5.1% during the 3rd quarter. Glenmede Investment Management LP now owns 4,565 shares of the company's stock valued at $353,000 after buying an additional 222 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Shift4 Payments by 4.4% during the 2nd quarter. Cerity Partners LLC now owns 5,317 shares of the company's stock valued at $527,000 after buying an additional 225 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, major shareholder Jared Isaacman purchased 159,244 shares of the business's stock in a transaction dated Friday, February 27th. The stock was bought at an average cost of $44.15 per share, for a total transaction of $7,030,622.60. Following the completion of the acquisition, the insider directly owned 1,321,207 shares in the company, valued at $58,331,289.05. This represents a 13.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 385,757 shares of company stock worth $17,666,153 in the last three months. 25.15% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group reduced their price target on Shift4 Payments from $81.00 to $56.00 and set a "neutral" rating for the company in a report on Monday, March 2nd. Mizuho reduced their target price on Shift4 Payments from $102.00 to $90.00 and set an "outperform" rating for the company in a report on Monday, December 22nd. Weiss Ratings lowered Shift4 Payments from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, March 16th. BTIG Research reduced their target price on Shift4 Payments from $80.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, March 5th. Finally, Benchmark reduced their target price on Shift4 Payments from $100.00 to $67.00 and set a "buy" rating for the company in a report on Monday, March 2nd. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Shift4 Payments has an average rating of "Moderate Buy" and an average target price of $78.12.

Shift4 Payments Stock Up 3.0%

FOUR opened at $45.49 on Tuesday. The business has a 50 day moving average price of $49.32 and a 200 day moving average price of $62.16. Shift4 Payments, Inc. has a twelve month low of $39.90 and a twelve month high of $108.50. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $3.70 billion, a P/E ratio of 43.32, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.04. Shift4 Payments had a return on equity of 39.27% and a net margin of 2.84%.The company had revenue of $610.00 million during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned $1.35 earnings per share. The company's quarterly revenue was up 50.6% compared to the same quarter last year. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. Research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Shift4 Payments Profile

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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