Spyglass Capital Management LLC Grows Position in Shift4 Payments, Inc. $FOUR

Key Points

• Spyglass Capital Management increased its Shift4 Payments stake by 4.7% in the second quarter, bringing its holdings to 1.83 million shares worth approximately $89.2 million. Institutional investors collectively own 98.87% of the company.
• Analyst sentiment is mixed, with 11 Buy, 11 Hold, and 1 Sell rating. The consensus rating is Hold, with an average price target of $60.24.
• Shift4 shares opened at $42.36 after declining 3.6%; the company recently beat quarterly EPS expectations by reporting $1.32, while revenue rose 50.9% year over year to $1.29 billion.

Spyglass Capital Management LLC lifted its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,833,803 shares of the company's stock after purchasing an additional 82,663 shares during the quarter. Shift4 Payments accounts for approximately 4.8% of Spyglass Capital Management LLC's holdings, making the stock its 7th biggest position. Spyglass Capital Management LLC owned approximately 2.32% of Shift4 Payments worth $89,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Marex Group plc lifted its position in Shift4 Payments by 6.0% in the 4th quarter. Marex Group plc now owns 3,487 shares of the company's stock valued at $220,000 after acquiring an additional 196 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Shift4 Payments by 5.6% during the third quarter. Parallel Advisors LLC now owns 4,049 shares of the company's stock valued at $313,000 after buying an additional 214 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Shift4 Payments by 100.0% in the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company's stock worth $35,000 after buying an additional 217 shares in the last quarter. Glenmede Investment Management LP raised its position in Shift4 Payments by 5.1% in the 3rd quarter. Glenmede Investment Management LP now owns 4,565 shares of the company's stock worth $353,000 after buying an additional 222 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in Shift4 Payments by 4.4% during the 2nd quarter. Cerity Partners LLC now owns 5,317 shares of the company's stock valued at $527,000 after acquiring an additional 225 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group set a $48.00 price objective on shares of Shift4 Payments in a research report on Friday, August 7th. Morgan Stanley set a $46.00 price target on Shift4 Payments in a report on Friday, August 7th. Zacks Research upgraded Shift4 Payments from a "strong sell" rating to a "hold" rating in a research note on Monday, June 1st. Truist Financial cut their price objective on Shift4 Payments from $50.00 to $49.00 and set a "hold" rating for the company in a report on Thursday, August 27th. Finally, Weiss Ratings cut Shift4 Payments from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of "Hold" and a consensus price target of $60.24.

Shift4 Payments Trading Down 3.6%

Shares of Shift4 Payments stock opened at $42.36 on Tuesday. Shift4 Payments, Inc. has a fifty-two week low of $34.56 and a fifty-two week high of $92.06. 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 capitalization of $3.34 billion, a P/E ratio of 70.60, a P/E/G ratio of 0.57 and a beta of 1.40. The company has a fifty day moving average of $48.25 and a 200 day moving average of $46.41.

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

Shift4 Payments 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source