Shift4 Payments, Inc. $FOUR Stock Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors cut its Shift4 Payments stake by 73.8% in the second quarter, selling 36,340 shares and retaining 12,927 shares valued at approximately $629,000.
• Despite the sale, other institutional investors increased their positions, and hedge funds and other institutions collectively own 98.87% of Shift4’s stock.
• Shift4 reported quarterly EPS of $1.32, exceeding estimates, while revenue rose 50.9% year over year to $1.29 billion. The stock opened at $38.17, and analysts’ consensus rating was “Hold” with an average price target of $59.81.

NewEdge Advisors LLC lowered its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 73.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,927 shares of the company's stock after selling 36,340 shares during the period. NewEdge Advisors LLC's holdings in Shift4 Payments were worth $629,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Spyglass Capital Management LLC boosted its position in shares of Shift4 Payments by 4.7% in the second quarter. Spyglass Capital Management LLC now owns 1,833,803 shares of the company's stock worth $89,196,000 after buying an additional 82,663 shares during the period. Geode Capital Management LLC raised its holdings in shares of Shift4 Payments by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 1,367,881 shares of the company's stock valued at $86,153,000 after buying an additional 57,282 shares during the period. Rice Hall James & Associates LLC raised its holdings in shares of Shift4 Payments by 27.7% during the 1st quarter. Rice Hall James & Associates LLC now owns 847,726 shares of the company's stock valued at $37,071,000 after buying an additional 183,938 shares during the period. Norges Bank acquired a new position in Shift4 Payments during the 4th quarter worth approximately $51,635,000. Finally, BW Gestao de Investimentos Ltda. lifted its position in Shift4 Payments by 9.0% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 689,788 shares of the company's stock worth $43,436,000 after acquiring an additional 56,950 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Down 0.8%

FOUR stock opened at $38.17 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.59. The firm has a 50 day simple moving average of $45.91 and a 200-day simple moving average of $44.98. The company has a market capitalization of $3.01 billion, a P/E ratio of 63.61, a PEG ratio of 0.50 and a beta of 1.38. Shift4 Payments, Inc. has a twelve month low of $34.56 and a twelve month high of $80.98.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on FOUR shares. Morgan Stanley set a $46.00 price objective on shares of Shift4 Payments in a research report on Friday, August 7th. Loop Capital assumed coverage on shares of Shift4 Payments in a research report on Wednesday, June 24th. They set a "hold" rating and a $40.00 target price on the stock. Mizuho decreased their target price on shares of Shift4 Payments from $55.00 to $46.00 and set an "outperform" rating for the company in a research note on Thursday. Wells Fargo & Company raised shares of Shift4 Payments from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $55.00 to $59.00 in a report on Tuesday, August 25th. Finally, Truist Financial dropped their price target on shares of Shift4 Payments from $50.00 to $49.00 and set a "hold" rating on the stock in a research note on Thursday, August 27th. Eleven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $59.81.

Shift4 Payments Company Profile

Shift4 Payments, Inc NYSE: FOUR provides integrated payment processing and commerce technology for businesses. Its platform combines payment acceptance, payment gateway services, acquiring, fraud prevention, reporting and other merchant services, allowing businesses to manage transactions across in-person, online and mobile channels.

The company serves a range of industries, including restaurants, hotels, resorts, sports and entertainment venues, gaming, retail and e-commerce. Its offerings include point-of-sale and payment solutions such as SkyTab for restaurants, as well as tools designed to support venue operations, online ordering, hotel payments and other specialized commerce needs.

Shift4 has expanded its operations internationally through organic growth and acquisitions, including the purchase of Finaro, a global payment processing company.

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