Readystate Asset Management LP Increases Stock Holdings in Shift4 Payments, Inc. $FOUR

Key Points

• Readystate Asset Management LP increased its Shift4 Payments stake by 530.2% in the second quarter, ending with 86,082 shares worth approximately $4.19 million. Institutional investors collectively own 98.87% of the company.
• Shift4 reported quarterly earnings of $1.32 per share, exceeding estimates by $0.06, while revenue reached $1.29 billion, up 50.9% year over year.
• Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $60.24, compared with the stock’s recent price of $45.93.

Readystate Asset Management LP increased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 530.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 86,082 shares of the company's stock after purchasing an additional 72,422 shares during the quarter. Readystate Asset Management LP owned 0.11% of Shift4 Payments worth $4,187,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new stake in shares of Shift4 Payments in the second quarter valued at $34,000. Advisors Asset Management Inc. boosted its stake 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 worth $35,000 after purchasing an additional 217 shares during the period. Empowered Funds LLC purchased a new position in shares of Shift4 Payments during the 4th quarter worth about $43,000. Vestcor Inc bought a new position in Shift4 Payments during the 3rd quarter valued at about $45,000. Finally, Summer Road LLC bought a new position in Shift4 Payments during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $45.93 on Monday. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 76.55, a price-to-earnings-growth ratio of 0.59 and a beta of 1.38. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.21 and a quick ratio of 1.21. Shift4 Payments, Inc. has a 1 year low of $34.56 and a 1 year high of $89.55. The firm has a 50-day moving average of $48.27 and a two-hundred day moving average of $46.07.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.06. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $615.65 million. Shift4 Payments had a net margin of 2.20% and a return on equity of 28.40%. The company's quarterly revenue was up 50.9% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. On average, research analysts forecast that Shift4 Payments, Inc. will post 4.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FOUR shares. Wells Fargo & Company raised shares of Shift4 Payments from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $55.00 to $59.00 in a research note on Tuesday, August 25th. UBS Group cut their target price on Shift4 Payments from $60.00 to $52.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. BTIG Research reduced their price target on Shift4 Payments from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Evercore set a $45.00 price target on Shift4 Payments in a research note on Monday, May 18th. Finally, Mizuho set a $55.00 price objective on Shift4 Payments in a report on Monday, August 10th. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $60.24.

About Shift4 Payments

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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