Shift4 Payments, Inc. $FOUR Stake Boosted by Private Management Group Inc.

Key Points

• Private Management Group increased its Shift4 Payments stake by 24.3% in the third quarter, to 913,959 shares valued at about $33.1 million. Institutional investors collectively own 98.87% of the company.
• Analysts cut several price targets, though ratings remain mixed: 11 Buy, 11 Hold and one Sell. MarketBeat reports a consensus Hold rating and a $53.86 average target.
• Shift4 reported quarterly EPS of $1.49, beating the $1.36 consensus, while revenue rose 10% year over year to $1.32 billion.

Private Management Group Inc. increased its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 24.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 913,959 shares of the company's stock after buying an additional 178,734 shares during the quarter. Private Management Group Inc. owned 1.16% of Shift4 Payments worth $33,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fulcrum Asset Management LLP increased its holdings in Shift4 Payments by 20,563.8% during the third quarter. Fulcrum Asset Management LLP now owns 11,985 shares of the company's stock valued at $444,000 after buying an additional 11,927 shares during the last quarter. CenterBook Partners LP purchased a new position in shares of Shift4 Payments during the 3rd quarter worth $411,000. Bfsg LLC boosted its stake in shares of Shift4 Payments by 20.1% during the 3rd quarter. Bfsg LLC now owns 6,810 shares of the company's stock worth $246,000 after acquiring an additional 1,140 shares during the last quarter. ARGA Investment Management LP grew its position in shares of Shift4 Payments by 239.9% during the 3rd quarter. ARGA Investment Management LP now owns 24,604 shares of the company's stock valued at $890,000 after acquiring an additional 17,366 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in shares of Shift4 Payments by 33.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,207 shares of the company's stock valued at $333,000 after acquiring an additional 2,325 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Analysts Set New Price Targets

FOUR has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on Shift4 Payments from $59.00 to $46.00 and set an "overweight" rating for the company in a research note on Friday. Mizuho lowered their target price on Shift4 Payments from $55.00 to $46.00 and set an "outperform" rating on the stock in a research report on Thursday, September 24th. BTIG Research lowered their target price on Shift4 Payments from $60.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, October 13th. Morgan Stanley set a $46.00 price target on Shift4 Payments in a report on Friday, August 7th. Finally, Royal Bank Of Canada reduced their price target on Shift4 Payments from $67.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday. Eleven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $53.86.

Shift4 Payments Price Performance

NYSE FOUR opened at $45.02 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.59. Shift4 Payments, Inc. has a 12 month low of $34.56 and a 12 month high of $75.35. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 56.27, a PEG ratio of 0.73 and a beta of 1.50. The company's 50 day moving average is $40.32 and its two-hundred day moving average is $45.88.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.13. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $652.39 million. Shift4 Payments had a net margin of 2.20% and a return on equity of 28.40%. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share. Shift4 Payments has set its FY 2026 guidance at 5.050-5.150 EPS. As a group, research analysts anticipate that Shift4 Payments, Inc. will post 4.11 earnings per share for the current year.

Shift4 Payments Profile

Shift4 Payments, Inc provides payment processing and commerce technology for businesses. Its platform supports transactions made in person, online and through mobile channels, combining payment acceptance and processing with tools for managing sales and operations.

The company serves merchants in industries including restaurants, hotels, retail, entertainment and sports venues. Its offerings include point-of-sale systems, payment gateways and related software, such as its SkyTab restaurant technology platform.

Founded in 1999 by entrepreneur Jared Isaacman, the company was initially known as United Bank Card before adopting the Shift4 name.

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