Shift4 Payments, Inc. $FOUR Stock Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its Shift4 Payments stake by 91.3% in the second quarter, selling 78,499 shares and retaining 7,496 shares valued at approximately $365,000.
• Institutional ownership remains high at 98.87%, although other investors made purchases, including Readystate Asset Management, which increased its position by 530.2%.
• Shift4 reported quarterly EPS of $1.32, exceeding estimates of $1.26, while revenue rose 50.9% year over year to $1.29 billion. Analysts maintain a consensus “Hold” rating with an average price target of $59.81.

Corient Private Wealth LP trimmed its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 91.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,496 shares of the company's stock after selling 78,499 shares during the quarter. Corient Private Wealth LP's holdings in Shift4 Payments were worth $365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Readystate Asset Management LP grew its holdings in shares of Shift4 Payments by 530.2% during the second quarter. Readystate Asset Management LP now owns 86,082 shares of the company's stock worth $4,187,000 after purchasing an additional 72,422 shares during the last quarter. AlphaGrep UK Ltd purchased a new stake in shares of Shift4 Payments in the 2nd quarter valued at about $548,000. Strive Financial Group LLC boosted its position in shares of Shift4 Payments by 25.1% in the 2nd quarter. Strive Financial Group LLC now owns 4,944 shares of the company's stock valued at $240,000 after purchasing an additional 993 shares during the period. Syon Capital LLC purchased a new position in Shift4 Payments during the 2nd quarter worth approximately $201,000. Finally, Nykredit A S purchased a new position in Shift4 Payments during the 2nd quarter worth approximately $132,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Stock Up 1.8%

FOUR opened at $36.22 on Friday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 60.36, a PEG ratio of 0.49 and a beta of 1.39. Shift4 Payments, Inc. has a one year low of $34.56 and a one year high of $80.98. The business's fifty day moving average is $44.45 and its two-hundred day moving average is $44.60.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.06. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $615.65 million. Shift4 Payments had a return on equity of 28.40% and a net margin of 2.20%.The business's revenue was up 50.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 EPS. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. Analysts anticipate that Shift4 Payments, Inc. will post 4.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FOUR. Weiss Ratings cut Shift4 Payments from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, August 11th. Morgan Stanley set a $46.00 target price on shares of Shift4 Payments in a report on Friday, August 7th. UBS Group lowered their price objective on shares of Shift4 Payments from $60.00 to $52.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. BMO Capital Markets set a $46.00 target price on shares of Shift4 Payments in a report on Friday, August 7th. Finally, B. Riley Financial decreased their target price on shares of Shift4 Payments from $120.00 to $96.00 and set a "buy" rating for the company in a research note on Monday, August 24th. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $59.81.

Shift4 Payments Profile

Shift4 Payments, Inc provides integrated payment processing and commerce technology for businesses worldwide. The company enables merchants to accept payments through in-person, online and mobile channels, offering services that can include payment gateways, acquiring, transaction processing, fraud prevention and reporting.

Shift4's platform is designed to combine payments with business-management tools and point-of-sale systems. Its solutions support industries such as restaurants, hospitality, retail, sports and entertainment, gaming, e-commerce and other organizations that require unified payment and commerce capabilities.

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