Shift4 Payments, Inc. $FOUR is Spyglass Capital Management LLC's 7th Largest Position

Key Points

• Spyglass Capital increased its stake in Shift4 by 20.8% in Q3 to 1,242,213 shares (worth about $96.1M), making FOUR its 7th largest holding and representing 1.40% of the company and 5.1% of Spyglass’s portfolio.
• Insider buying: Major shareholder Jared Isaacman purchased 159,244 shares at an average $44.15, boosting his ownership to 1,321,207 shares and contributing to insiders now owning 25.15% of Shift4.
• Financials and outlook: Shift4 beat EPS estimates ($1.60 vs. $1.56), reported revenue up 50.6% year-over-year, set FY2026 EPS guidance of $5.50–$5.70, and faces mixed analyst revisions but holds a consensus "Moderate Buy" with a $79.89 price target.

Spyglass Capital Management LLC grew its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 20.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,242,213 shares of the company's stock after acquiring an additional 214,230 shares during the period. Shift4 Payments accounts for 5.1% of Spyglass Capital Management LLC's investment portfolio, making the stock its 7th biggest holding. Spyglass Capital Management LLC owned 1.40% of Shift4 Payments worth $96,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. boosted its position in Shift4 Payments by 29.5% during the second quarter. Advisors Asset Management Inc. now owns 562 shares of the company's stock valued at $56,000 after purchasing an additional 128 shares during the last quarter. Main Management ETF Advisors LLC increased its position in Shift4 Payments by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 8,063 shares of the company's stock worth $799,000 after purchasing an additional 132 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Shift4 Payments by 1.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,301 shares of the company's stock worth $1,318,000 after purchasing an additional 136 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Shift4 Payments by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 47,160 shares of the company's stock valued at $4,674,000 after buying an additional 190 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Shift4 Payments by 1.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 15,900 shares of the company's stock valued at $1,576,000 after buying an additional 200 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Trading Down 1.3%

Shares of FOUR stock opened at $43.36 on Friday. Shift4 Payments, Inc. has a 12 month low of $43.01 and a 12 month high of $108.50. The company has a market cap of $3.84 billion, a PE ratio of 41.30, a price-to-earnings-growth ratio of 0.33 and a beta of 1.65. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 4.66. The business's 50 day moving average is $57.63 and its two-hundred day moving average is $68.76.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.04. Shift4 Payments had a net margin of 2.84% and a return on equity of 39.27%. The business had revenue of $610.00 million during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned $1.35 EPS. Shift4 Payments'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. Equities analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company dropped their price objective on Shift4 Payments from $77.00 to $55.00 and set an "equal weight" rating on the stock in a report on Friday, February 27th. Keefe, Bruyette & Woods dropped their price target on shares of Shift4 Payments from $72.00 to $60.00 and set a "market perform" rating on the stock in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating and reduced their price objective for the company from $100.00 to $65.00 in a research note on Thursday, January 15th. Mizuho decreased their price objective on shares of Shift4 Payments from $102.00 to $90.00 and set an "outperform" rating for the company in a report on Monday, December 22nd. Finally, BTIG Research lowered their target price on shares of Shift4 Payments from $80.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Shift4 Payments presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.89.

Insiders Place Their Bets

In other news, major shareholder Jared Isaacman bought 159,244 shares of the business's stock in a transaction on Friday, February 27th. The stock was purchased at an average price of $44.15 per share, with a total value of $7,030,622.60. Following the transaction, the insider directly owned 1,321,207 shares in the company, valued at approximately $58,331,289.05. The trade was a 13.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have acquired 385,757 shares of company stock worth $17,666,153. 25.15% of the stock is owned by insiders.

Shift4 Payments Company 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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