Wasatch Advisors LP Sells 2,037,047 Shares of Shift4 Payments, Inc. $FOUR

Key Points

• Wasatch Advisors LP cut its Shift4 Payments position by 48.4% in the second quarter, selling 2,037,047 shares and retaining 2,169,197 shares worth approximately $105.5 million.
• Analyst sentiment is mixed but leans neutral: nine analysts rate the stock Buy, twelve Hold and one Sell, producing an average rating of Hold and a consensus price target of $58.10.
• Shift4 reported quarterly EPS of $1.32, beating estimates of $1.26, while revenue rose 50.9% year over year to $1.29 billion; shares opened at $41.05, below their 50-day and 200-day moving averages.

Wasatch Advisors LP reduced its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 48.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,169,197 shares of the company's stock after selling 2,037,047 shares during the quarter. Wasatch Advisors LP owned about 2.73% of Shift4 Payments worth $105,510,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of Shift4 Payments during the 2nd quarter worth $34,000. Advisors Asset Management Inc. raised its holdings in shares of Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company's stock valued at $35,000 after acquiring an additional 217 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Shift4 Payments in the fourth quarter valued at about $43,000. Vestcor Inc bought a new stake in shares of Shift4 Payments in the third quarter valued at about $45,000. Finally, Summer Road LLC purchased a new stake in Shift4 Payments in the fourth quarter worth about $47,000. 98.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FOUR shares. Royal Bank Of Canada dropped their target price on shares of Shift4 Payments from $65.00 to $63.00 and set an "outperform" rating on the stock in a report on Friday. Truist Financial upped their price target on shares of Shift4 Payments from $46.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, July 24th. Evercore set a $45.00 price objective on shares of Shift4 Payments in a research note on Monday, May 18th. Weiss Ratings reissued a "sell (d+)" rating on shares of Shift4 Payments in a report on Thursday, June 11th. Finally, Capital One Financial set a $50.00 price objective on shares of Shift4 Payments in a report on Tuesday, April 21st. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Shift4 Payments presently has an average rating of "Hold" and an average price target of $58.10.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $41.05 on Wednesday. The stock's 50-day moving average is $46.32 and its 200 day moving average is $47.81. Shift4 Payments, Inc. has a 1-year low of $34.56 and a 1-year high of $92.79. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $3.26 billion, a P/E ratio of 68.42, a PEG ratio of 0.50 and a beta of 1.40.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.06. Shift4 Payments had a net margin of 2.20% and a return on equity of 28.40%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $615.65 million. During the same period in the previous year, the company posted $1.10 earnings per share. The firm's 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. Research analysts predict that Shift4 Payments, Inc. will post 4.68 earnings per share for the current fiscal year.

About Shift4 Payments

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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